'Doing the numbers 1.57 million metres x 50m of brown coal = 78.5 million tonnes of brown coal.'
nice. the contained coal to surface area multiplier effect with a 50 metre coal seam in the mix is dramatic.
bear in mind that MNM's BM tenements cover 90 000 acres (350 sqkm+), and your calcs get 78.5 million tonnes of coal out of just this 388 acres!
78.5 million tonnes is more than enough to build and operate the 50 tph CHTD demonstration coal drying facility plant that is the first infrastructure step in the proposed mnm/exergen JV.
after the final CHTD suitablity tests are known on the coal from this site the JV will be ready to proceed to that level.
MNM Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
