RTL 0.00% 2.2¢ rtl corporation limited

4bt coaking coal target - riv's little cousin?

  1. 12,503 Posts.
    The more I read about the two tenaments, the more im liking them!

    3245L (size:172 square km).
    Location: right next door to RIV's 9BT EPL946L and 20k west of 4BT Benga.
    Potential: over 14 square km of Lower Karoo Formations which host the main productive series coal bearing sequence and read the average thickness 320-400m!

    Rough calculation (use just the 50m thickness mentioned): 7000m x 2000m (14 square km) x 50m = 700,000,000 cubic meters of coking coal. Assume 1 cubic meter = 1 tonne, that is 700MT coking coal over 14 square km on 50m thickness (and this formation has average thickness of 400m!). The company estimated 240-300MT of material over a definite 3 square km coal bearing area within this tenament on thickness of 50m. not far from my calculation. A wider area plus additional thickness will of course significantly upgrade the resource potential.

    3246L (size:208 square km).
    Location: 45k south of the Moatize Coal mining camp. 12km to refurbished Moatize-Beira railway.
    Potential: 40 square km of Upper karoo Formation. 3.25-4BT (!) over 40 square km on 50m thickness. Again this target can be a lot bigger if the area size and thickness improves.

    Last thing, we are talking hard coking coal here. This stuff attracts price premium and is highly sought after by the indians and chinese. I think they sell for USD 200 per tonne.

    RTL will have 845ml shares on issue. At 3 to 1 consolidation, undiluted MC is 55ml. At 4 to 1, 40ml MC. At 5 to 1, 30ml. You do the calculation as to what you think RTL is worth.

    I am not greedy, just prove up the 4BT potential as of now, I will happily retire.

    All comments welcome.
 
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