bnd at $1,5 billion!!! eer???, page-22

sydney6791,

"It's RD raw 1.5 g/cc is only, ash 12.5% and very high moisture at 14 %, CV is at 20.5MJ /Kg. I reckon the correct price range for Blackll coal "A$ 50--65/t""

Are you for real $50 - $65/t... unbelievable, enough said...

"Another big problem with EER is the coal thickness: most of the JORC coal are in 1.07m--1.7m thickness."
"1m thickness" will significantly increase the operation cost"

Mate now your telling untruths, there average cumulative coal seam is about 4.5m and are hitting seams as thick 10m...

I remember psi81 say Johnstone West 1 and Ooraminna 2 where going to flow gas and oil.