200Mt of opencut coal??? What spot price did they use for that calc? $300 ok...that's going to make any coal look like open cut. Seriously though, anything less and this 'open cut' coal is going to go from 200Mt to 0Mt i reckon. You have got to remember, to get an open cut operation running you are looking at least at 2years, more likely 4yrs with the lead times needed on decent machinery. you guys have gotta start using your brains, this deal is too good to be true. However, i never said Xinwen wer not stupid. As a highly invested shareholder, i hope they are.....
LNC Price at posting:
$2.86 Sentiment: Hold Disclosure: Not Held
