Australia's largest stock trading and investment forum Australia's #1 stock forum

Gateway (GML) should be out of suspension soon. Great project...

First 35 Last

Share
Profile

Follow
pints

55,780 Posts.

310

05/09/17

11:35

Post #: 27001944
Share

Originally posted by ShareJagger ↑

I can see how you arrive at that conclusion about "looking good" for finance. However, I am well experienced in Indonesia and in particular Central Kalimantan. I have had discussions with Pat Hanna, the company geologist, at the AGM and the reason for the cheap start up costs are that the initial mining area is a series of synclines and anticlines and the coal presents hundreds of exposed seams. This is a normal process for Central Kalimantan, get producing, get cash flow and fund the expansion of mining.
The rainfall of the area is very high, 3 to 6 metres per year. This rain fall and rushing water continually scours the exposed seams and keeps the coal fresh with full coking properties retained. I have been in multiple CCoWs (mining leases and exploration leases) in that basin and found this to be fact.

Expand

Gateway (GML) should be out of suspension soon. Great project acquisition in Bowen Basin ready to go very soon..
Upvote

Reply

There are more pages in this discussion • 1 more message in this thread...

First 35 Last