The asset had a book value of 0.
When the news hit the stock price surged but then was sold back down to basically where it started.
Scotland/UK don't really want anymore mines.
Hopefully they can sell it but by the time they get organised it will probably be worth nothing.
Yer I know very negative but these guys are yet to finish anything.
If Im right Im right if Im wrong and this is a success im retiring
Ann: Lochinvar Metallurical Coal Project Overview, page-33
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