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16/06/22
16:04
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Originally posted by hagetaka:
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I got my first parcel at 20c unfortunately. Now that it's fallen over 95% from those days, I'm averaging down, as crazy as that sounds. The coal deposit here is one of the best I've ever seen, it's just going to take a change of government to make it happen... because... mountains make wild animals cry on television... Definitely long term 100+ bagger. It might be a few decades before this one gets mined, however, there will be unknown ups and downs in price before it does get mined. It'll probably be my kids who see this one come to fruition, however, $1k buys every now and then is still a good earner on a $5m stock that gives 100+ bags. As someone else says, when there is blood in the streets.
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Look at the submission ATU made to the board that is developing the coal policy: Bascially: Cat 2,3,4 have same habitats and wildlife. There is Coking Coal on 5% of land on cat 2, 3 and 4 each. 5% of all these categories. So even if all the cat 2, 3, 4 was developed into mines, it would represent 5% of total land of cat 2,3 and 4. BTW there is no coking coal on cat 3 land. This is completely insane that there is any ban since again only 5% of land at max would be affected. This is all land in total not just ATU land. This is my understanding.