PZC pan asia corporation limited

6.6m coal seam significant coal intersection, page-2

  1. 408 Posts.
    I just spoke to someone who says you times the area by the depth and conservatively times it by 2 for density.

    4.5 times 1.2 times 6.6 times 2 = 71.28m tonnes.

    Of course we need to see how the next holes come up. BUT thats great at even $3-$4 per tonne in the ground values the asset at over $200m. Even if the next few holes are half as good its still over $100m.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.