All the chess pieces are in place-Next price 80c on the way up. Tightly held and those in the know have accumulated and it will be hard to catch. Some of the lowest ash content available. Extensive, existing infrastructure. What is 2Mtpa worth? Attila commissioned Stagg Resource Consultants Inc (Stagg) to conduct a PFS on re-commissioning the Coke No.1 Mine at its Gurnee Property, utilising the existing, extensive infrastructure and logistics pathway. The PFS confirmed the technical and economic viability of the Kodiak Project, which is capable of producing significant free cash flow, even at current low coking coal prices and based solely on the Company’s Gurnee Property (ex Seymour). The PFS contemplates mining of the Coke and Atkins coal seams via underground room and pillar mining methods. Coal mined is to be processed through the Company’s existing wash plant, which has the capacity to produce in the order of 2Mtpa of saleable coal. Coal is proposed to be transported by rail to the port of Mobile. Both the rail network and the port of Mobile have significant existing excess capacity Good luck all
AYA Price at posting:
70.0¢ Sentiment: None Disclosure: Held
