I suggest you read Rudders’ post50221905,
5B t / 40 year mine life close by. Owned by Clough family who own just over 50% of TI1.
That 5Bt Depends on grade; particularly quantity of high grade if any. but you’d think being close to us there might be a bit more high grade stuff.
But we also have low grade, so until it’s drilled we won’t know
Also the deal to include some/all of that 5B t will be critical. Too much dilution could make it break even/negative for us. Again until we see a deal we won’t know.
Key things to watch for are off take agreement with selling price, final total C1 costs and any indication of % earnings they will pay out as divs. Obviously the surrounding ground deal also of high importance.