CTP's "coal tonnage report" will be well received when it is released VERY SOON. Also to be released is the lab report on methane gas yields from the field geos from the coal bore tests.
These two reports will give the market some facts and should substantially help the share price. Meanwhile we are left to speculate from the limited knowledge that we have.
About 6 weeks ago a group of us prepared value estimates based on only one billion tonnes of coal reserves assumed. The range of value estimates were $25 to $40 per CTP share.
But the actual tonnage of coal seems more likely to fall into the range of 5 to 10 billion tonnes. Ah, how the mind explodes. Conix
coal tonnage report coming later, page-2
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