So 2023 Petrindo bought PT Multi Tambanjaya Utama from Indika for US$218 million. Lousy old Thermal coal in North Kalimantan.
Jorc Resource 75.2 million tonnes
JORC Reserves 40.6 million tonnes
COMPARE with PT BBM
Jorc Resource 260 million tonnes
JORC Reserves 24 million tonnes PLUS potential 70 million tonnes as if Underground Mining proves commercially and practically viable.
IMO of course!
I feel we are in the water with circling Tiger Sharks from Indonesia, China and from within.
DYOR
So 2023 Petrindo bought PT Multi Tambanjaya Utama from Indika...
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