CKA 0.00% 7.7¢ cokal limited

Ann: Trading Halt, page-64

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  1. 12,251 Posts.
    lightbulb Created with Sketch. 1511
    Perret,
    Yes that is what I heard also but to be frank, I thought it was just a Pipe Dream. However, it looks like it is a reality. Same Chinese Mob that are underground mining at Kotabaru, Pulau Laut, South Kalimantan.
    I know the geology of that area as I was CHPP Manager for Arutmin at Senakin, Satui and Petangas. We mined PCI/Thermal Coal and washed to 9 to 12% ash.
    Compare that to unwashed PCI from BBM at about 5% ash and massive calorific value.
    The Underground area in BBM is most probably high value HCC as it is further away from the ancient volcano that converted Pits 1 & 2 to PCI/Semi Anthracite and BBM West to Super PCI/Anthracite, but left Pits 3 & 4 as low volatile Hard Coking Coal/HCC. The underground area is further away again and TBAR further away again.
    IMO DYOR
    Last edited by ShareJagger: 11/08/24
 
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