re: Ann: SAMPLING CONFIRMS CONSISTENT COAL QU...
Ok..so help me out here guys :)
What do you think ATQ will get for their coal?
Perhaps as a comparison,
CCC just announced their first coal sales from VLAKVARKFONTEIN mine.
"The benefits of this immediate sales agreement are significant with the coal being delivered straight from the mine as a ROM product , without any crushing, screening or washing." { CCC announcement}
So ATQ are looking at doing the same thing. Digging it up and transport by truck. Unwashed.
Now CCC are getting 9Mil ZAR ( Just under 1.4Mil Aus$ )for 100,000 tonnes....BUT it says at the end " and the balance due on subsequent deliveries."
So I'm guessing they got more than 1.4Mil for 100,000 tonnes.??
What would ATQ start out at for a small scale mining operation? 50,000 tonnes, 100K ? I dunno. CCC are ramping up to 1.2Mil / annum.
"Tanzania annually imports more than 250,000 tonnes of coal from Malawi and South Africa That makes Atomic a bit like competition to CCC but with the advantage of being supported by the government to reduce their coal expenditure from importation and support local projects.
What better than Ngaka + about 4Mil in the bank.
ATQ Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
