Aquila Res sells 1/2 of its Qland coal ( 75% met coal and 25% thermal coal ) to Jap interests for $430 mil for 65.6 mil Tns producing 2.8 mtpa, this just goes to show what can be achieved , if DRG can jorc a 100 m t resoures close to China their shares should be worth at least $1-2.00
We have some building blocks in place and we need management to add to them with good discoveries from Mongo and forget Indo for a while. Mongo is imho where we should be concentrating to build a decent company.
aquila res sells 1/2 coal asset for $450 m
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