Berenice is a poor quality "coking coal" project with terrible yields and any claims they will sell a thermal middlings at >30% ash is just spruiking to the stupid. Look at CZA as an analog - a overpromoted heap of rubbish headed for administration and oblivion in 2013 IMHO. The Soutpansberg is a geologically difficult area, mining isnt easy or cheap, washing yields are just awful, and the logistics is a long, expensive and inefficient supply chain to ship in small sized ships from maputo. Berenice is a dog. Kangala is a good local power station coal and Roodekop's details so far are just confusing.
RAC is a small but good quality anthracite asset - if you go back to the early days of Riversdale they showed it wasnt ever going to be large but had good quality coal and was in a good location.
- Forums
- ASX - By Stock
- UNV
- coal deals
coal deals , page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online