CXY cougar energy limited
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500mt of coal $??, page-30

  1. psi81
    6,457 Posts.
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    21/08/12
    14:13
    Post #: 10599677
    The problem with Cougar's tenements is they are designed for UCG so they are deeper than is really desireable for easy mining.

    Wilkie Creek's coal is maybe 30-100m deep and Wandoan starts at about 120m. They will have a market value but it won't be 20c a ton.

    Wandoan has the added uncertainty that it's currently stranded and any development will depend on the Xstrata Wandoan mine going ahead. At the moment that is under a cloud.
    CXY Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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