NCR 0.00% 0.5¢ nucoal resources limited

very quiet hc stock, page-23

  1. 98 Posts.
    hummms,
    It's not described as a training mine, do yourself a favour and have a look at the initial concept plans for the mine layout,follow down the point of entry and to one side you will see the planned longwall blocks. On the other side will be the training area.It's very simple operation,continous miner,LHD and conveyors. Students will learn the basics, such as roof support,ventilation machine competency simple and not expensive, but effective.Its run seperately to the main production area of the mine. valuation its not too hard,say 600mil in situ, 30% recoverable or 200 mil @ whatever value prevails at the time, we will have a better picture once drilling is complete. Speculative yes but i have alot of faith in the abilities of the people involved to get the job done.Oh and by the way Centennial has no 200 mtr coal seams.
    Cheers,roidz
 
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