YAL 1.36% $5.95 yancoal australia limited

Two good points there... Grey clouds on the thermal horizon and...

  1. 5,877 Posts.
    lightbulb Created with Sketch. 954
    Two good points there... Grey clouds on the thermal horizon and the need to fund exploration beyond the prestrip. Yancoal has loads of resource coal, but, this needs to be converted into reserve coal before financial decision to mine can be made. We've got maybe 20 years until the current reserves are exhausted. The time to do exploration is now... not wildcat exploration, but, long term mine/model development exploration... and one of the greatest difficulties is find people who can not only manage/understand the logistics of exploration, but, actually understand what quality of exploration data is required in the modelling process so that a reliable model can be built for engineering to efficiency sequence extraction at the lowest cost possible.
    .
    Any cowboy can shoot holes in the ground after getting a free geology degree from university, but, only a real Geologist can visualise in 3D and target exploration programs efficiently... Those who can are worth their weight in gold.
 
watchlist Created with Sketch. Add YAL (ASX) to my watchlist
(20min delay)
Last
$5.95
Change
0.080(1.36%)
Mkt cap ! $7.856B
Open High Low Value Volume
$5.87 $5.95 $5.84 $20.23M 3.415M

Buyers (Bids)

No. Vol. Price($)
4 18213 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 5381 3
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
$5.93
  Change
0.080 ( 1.54 %)
Open High Low Volume
$5.89 $5.95 $5.84 327690
Last updated 15.59pm 10/05/2024 ?
YAL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.