general thoughts and coal..., page-16

Sav, I have a few questions/concerns regarding your post.

You have used a few graphs, are those your own work or copied from elsewhere?

Do you have any information regarding drill logs, coal density, ratios (either insitu or product tonnes would do). Without these, any of your original post would be very highly doubtful.

The "Value in $ per share" graph is in your own words "highly speculative". I have heard depths of 200 to 300m quoted previously. If these are correct, and with only a thermal coal product, extraction and processing costs alone would make coal production uneconomical. That is without adding the very high capex costs into the equation.

The graph showing the potential coal tonnage is also pointless. You could carry out the same exercise over the whole of the Bowen Basin, Callide Basin, Surat Basin, Clarence Moreton Basin, etc. How much of the coal from these basins are currently economic to extract and process? The answer is a very small percentage of the overall tonnage.

It is one thing to say that CTP have XXX tonnes of a JORC resource, but until you do a margin rank exercise with correct cost and revenues, then you do not have a JORC Measured Reserve or an economic mine.

I am concerned that so many people have given your original post a thumbs up without doing their own research.

Now please, everybody else, DYOR!