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3,703 Posts.
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21/12/16
17:20
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I understand what your saying. To rule out a $1 billion dollar market cap i wouldn't do.
There is talk of buying another working mine, and don't forget the mine in Indonesia it would be worth more than foxleigh if they were mining.
Anglo paid $800 million for the mine in 2007 and spent alot more on rail and roads.
No one could have predicted the rise in coal, and it docent look like slowing down.
Foxleigh has very clean coal strip ratio of 11
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