Topsy, ALL Galilee Coal (including Linc's, BND's, Hankcock's etc) is of the same quality.. The calorific Value is well above minimum acceptable levels by (Asian) Importers, and now, with the Rapidly Diminishing Newcastle Thermal Coal Resources, the Queensland Thermal coal (superior to Indonesia's) is becoming a much sought after .....Good quality Thermal Coal, to substitute it..... As for its price per tonne, EER's Coal being of same quality as BND's, Linc's, Alpha's etc, is expected to fetch same price when sold....That is (present levels-From memory) around 130-150 $ Per Tonne, Well ABOVE the Figure you mentioned......
Cheers:)))
PS. So, if one is interested to find the in ground value of EER's resource, it's a very easy mathematical calculation.... THAT IS: Total resource (tonnes) x 140$ a tonne.... No.....I am not prepared to give you the figure.... My mind is spinning......Too many "zeros" in the end.....!!!!!!!
EER Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
