XEN xenolith resources limited

re: Ann: Initial Coal Resource of 339Mt at Hi... ekman - you...

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    re: Ann: Initial Coal Resource of 339Mt at Hi... ekman - you asked about the coal quality

    From the previous ann's:

    "Confirmed that the Hinton East coal seams demonstrate lateral stratigraphic and coal quality continuity and that the raw in situ coal is classified as being a low sulphur, High Volatile bituminous C thermal coal

    Take a gander at the chart of prices based on coal quality



    Cant seea downside here.

    I trawled thru the previous posts and got this from gmc (thanx)

    "Info from my broker is that JORC coal is valued between 60 and 80c a tonne. I dont know where 250mt came from but if that is correct ( and I really hope so ) XEN would be valued at $150 million. I have heard speculation of 100 - 150 mt and I would be happy with that. Either way XEN will be at much higher multiples than currently if the JORC is around these figures.

    The way I look at it is

    JORC - 100mt - $60 million = sp of 30c +

    - 150mt - $90 million = sp of 45c +

    - 200mt -$120 million = sp of 60c + etc

    These are my views and thats why I have invested heavily in XEN. Please correct me if Im wrong."

    I's a happy chappy.
 
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