Everybody on this forum has been using 3b tonnes of coal as a possible resource for AKM but I dont recall anybody from AKM saying that, they did say that there's only 10% drilled.
So IMO , say if they end up with "only" 1bt of coking coal at 87% recovery after washing.
Thats 870 million tonnes of nice coking coal at say $230 per ton less costs which i think could run close to $80 pt (including excavation,rail to washing plant, washing, rail again to customer or FOB).
So you end up with around $150 pt profit x $870ml
Thats a Total of $130500000000.00 or a tad over $130 billion dollars.
Now if you could buy somethin worth $130 for under 50cents
wouldn't you go for it.
By the way DYOR
I hold AKM
good buying op, page-8
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