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 Eskoms electrical grid is run by several outdated and overused coal fired plants which are also located in the North East.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

Number of people who have visited this thread    

When are they going to drill the other 97% of the area anyone? 150t of Coal in just 3% of the area is huge and the rewards look enormous but surely they'd be better JORCing up the other 97% and then selling out to one of the majors?

KEEP an EYE
17.875p +0.875p
On the move up since last Friday, volume picking up today and MMs must be short of stock, by the way the share price is moving higher with every buy. Very good charting after the flat bottom for a few days.

     

David Nel CEO is expected to be around London this week

resume fundies
- 3 billion coal resource
- Expect to recover 1 billion
- Low cost mining
- Anthracite coal - Clean as low in sulphur
- Demand for coal is high and the price of coal is and is expected to continue to be strong
- Only 109 million shares in issue, the upside on the share price is massive.

SRP are in London this week, and this is a FREE event.



The directors of Treasury Metals (TSX: TML), Ovoca Gold (AIM: OVG) and Strategic Natural Resources (AIM: SNRP) will be presenting: Thursday the 20th October 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/126

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.co.uk.

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.