Alternatively, US240/tonne = AUD$369.
$68 million/$369 = 184,000 tonnes FOB value??
So BBM Reserves 23 million.
Don't use these numbers for and serious evaluation.
Original SJ17.5 was nothing to do wit mining coal or coal sale price. It was simply multiplying BBM reserves by US$5/tonne and remaining BBM resource tonnes by US$2 and dividing by number of shares, At that time there was no road, no Krajan, no Batu Tuhup, no equip, no mine, and TBAR was a pipe dream.
DYOR all in my opinion
Ann: Infrastructure Development MOU, page-119
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