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Ann: Updated JORC Statement for PT Katingan Ria in Indonesia, page-11

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  1. Bright30
    3,703 Posts.
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    11/05/17
    14:52
    Post #: 24628674
    When we purchased Foxleigh mine our PCI price was USD $75/t

    Does anyone believe that Taurus would have invested into the mine at that price if they knew they couldn't make money.

    In 6 months we went from having a few hundred thousand in the bank to $88 million dollars.

    Everyone knew when cyclone Debbie hit coal would move up and come back down and should settle around USD $150 to $160 a ton.

    I'm very happy to be holding and looking forward to add further working mines to the list.
    RRP Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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