Ann: ADD CONFIRMS JORC COMPLIANT 9M TONNE THERMAL, page-9

re: Ann: ADD CONFIRMS JORC COMPLIANT 9M TONNE... Hi The Ace do you think your email to the company had any thing to do with this announcement.

Also did you get any reply?
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Now to the coal reserves:

Indonesian curent coal prices:
thejakartaglobe

"Increased production has mainly been driven by higher coal prices ? currently around $104-105 a ton, compared to a $70 a ton average price last year."



So I will say resource 10Mt (including new area) less 25%
for sale 7.5Mt
Spot price $100 less 25% so $75tonne

7.5M * $75
Equates to Gross $562.5M

shares 183,593,979 according to:
markets.businessday.com.au

Equates to 3cents a share. If figures are correct.

This does not take into consideration the costs to allow the extraction and selling of the coal.

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Intersting idea The Ace about waiting to see what the other results are SA, maybe that is were the "due to commence" statement comes in (announcement). I mean one day ADD will drill and gamma ray etc

Looking better than a week ago.