PRC 0.00% 61.0¢ pike river coal limited

Agreed, no chance. Just like the shale oil adjacent the great...

  1. 41 Posts.
    Agreed, no chance. Just like the shale oil adjacent the great barrier reef. Open cut would be economically marginal at best anyway considering a strip ratio greater than 50:1 under some pretty solid rock.

    I am thinking it may reopen but only after another 12-18 months of investigation, recovery and redesign. And they will be calling for another cap raising around 80mill which will be done at 20-30 cent range maybe lower.
 
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