A lot of activity during the last week and as there is no thread open so I did this one

SNRP certainly have all the hallmarks of an up and coming top mining outfit, with a coal resource that has the potential to become world class, a number of highly convenient routes to market and a very experienced and knowledgeable management. It should also be noted that no other commercial coal mining operations have been set up in the southern half of S. Africa making SNRP the sole successor to all the coal demand for this area. Despite being in a recession the company is making excellent progress and apart from some short term funding issues their position appears solid.

SNRP are still in the early stages of their life as a plc though this could turn out to be quite an amazing success story and one way or another investors will not be short of excitement over the coming years.

Elitheni project in S. Africa has proved to be a major benefactor in the companys success. This is due in part to the location of Eskom, the supplier of approximately 95% of S. Africas electricity, who are based 900km North of Elitheni near Johannesburg. Electricity is distributed across S. Africa from this site which in long distance transmission can result in around 20% of the power being lost. Eskoms electrical grid is run by several outdated and overused coal fired plants which are also located in the North East. Consequently the power supply in S. Africa is extremely temperamental and blackouts are not uncommon. In addition the transportation of coal from the coal deposits in the North of the country to local industry down South can prove costly. CEO Jeremy Metcalfe commented that local industry would save in the region of 40% in transportation costs if their coal was locally supplied i.e. from Elithenis deposits.

A few updates on the way, meaning plenty of news out soon on a share price well undervalued at 16.875p, already well up since last week
● An update on the Elitheni resource.
● High possibility there will be further updates from IPSA regarding additional projects being undertaken requiring coal from Elitheni.
● High possibility of dual listing.
● Comment on future contracts/sales/exports.
● Repayment of 6.3m.

Intraday

3 month

5 days

3 month

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I think this could fall to 7p.

Hey I found this audio interview with Strategic Natural Resources.

Check it out, its worth a click:

http://www.brrmedia.co.uk/event/97966/jeremy-metcalfe-communications-director

Like the interview

Broker note out today with a valuation at 146p- anyone got the note?
Been thinking about buying for a while.