AOM
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900% 25.0¢ ao energy limited

any coal experts on board

  1. jwt
    3,747 Posts.
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    03/09/08
    16:04
    Post #: 4226437
    AOM expect results early this quarter and are hoping for between 7 and 10 million tonnes of coal to be confirmed. They have to pay $15 per tonne for confirmed tonnes found; it has to be dug out and shipped 450Km by barge to the coast in the river that flows past the mine. Barges I'm told carry 50 or 60 tonnes. Any coal experts out there know the cost of digging out coal and can formulate a likely return on 7-10 mill tonnes. Coal is selling for about $260 a tonne I believe. Cheers jwt
    AOM Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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