teresa coal sale, page-7

valinvestor,

PB was saying Teresa would be finalised "within weeks" back in 2008. So more like three years!

The problem is Teresa is not as good an asset as it was hyped as. The seams are thin and deep so of the 800Mt, only 200Mt is considered mineable (according to Linc's own published report) and from memory only a minority of that remaining coal was met coal.

It's still a good asset, just not a great one... PB is obviously trying hard to negotiate as much for it as possible.