yeah that's right that was in th GFC..as far as linc goes thats...

yeah that's right that was in th GFC..

as far as linc goes thats the value of the deal, just with defered payments - I'm not arguing the fact that EER should be getting 30c or 17c like hancock did of GVK but a 50% discount to the hancock deal would be a fair value at 8.5c at this stage - 2c is just to cheap anyway you look at it.

as far as the quality goes i have said all along EER's coals would show synergies in blending with the Galilee coals for maximum profit or go it alone and supply to asian Fluidized bed combustion bolers - they are designed to run on lower quality stuff;

here goes;

To blend waratahs prize seams (DU and DL seams) with EER's coal at a ratio of 2 waratah tonnes to 1 EER tonnes;
(that's EER at F1.60 F/S and galilee coals at F1.50 F/S)

Coal Blending Result:
Calorific Value: 5902
Moisture: 13.00%
Ash: 8.53%
Sulphar: 0.51%

And will lift the yields from the lower range of 37% to 67% and the upper range from 74% to 77%

and will bring down the production cost.