Good news as pci coal doesn't generally speaking need a wash plant which cost lots of money (the new BMA Blackwater one cost 900 million although it is bigger than NGF would need). Just mine it, crush to size and out the door. Not worth as much as hard coking coal but the infastructure needed is minimal. Real easy money if it is open cut mined. Would only take a couple of months from when the mining gear starts to have coal read to load off site.
So there we have it Rabitho we've been lucky enough to get some good top up opportunity which we thought was great at 33cents from memory and recently lower 20's. Things should be quite good share price wise in another 2 years.
NGF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held