AQA aquila resources limited
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sale of new saraji to bhp

  1. gusmcdonald
    45 Posts.
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    18/07/08
    10:33
    Post #: 4007309
    Gents,

    With New Hop selling the New saraji coking coal deposit to BHP for 2.4 billion has anyone put any thought on what that sale means for AQA's stake in the Belvedere project.

    By my rough back of the envelope calculations if New Saraji has 690 MT of coking coal that is valued at 2.4 Billion then AQA's Belvedere project with their share equal to roughly 950 MT of coking coal then that should be work in order of 3.4 Billion.

    That's massive.......
    AQA Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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