Hi. I am a long term holder of this in the UK. Trying to get to the bottom of how big this resource is? The 2020 report states “• Major coal resource in South Africa - 8.8Bt in situ with extended LOM – over 100 years.”
Is this accurate?
Thungela has proven and probable reserves of 212MT of Thermal coal and a market cap of £2.5bn.
Thoughts?!?!
Ann: MCM Uitkomst Coal Sales & Marketing Agreement, page-12
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