Current 5000Kcal/kg coal priced at circa $90(A$85/t)--- at 4 month high!
Thanks for that - do you have a website or other source that lists this sort of info? Or are you just getting it from news articles?
I noticed on the photograph of the geo logging chips that the seams looked thin. 1-2m was my estimate (I logged chips like that for four years). Some of the Galilee seams are only 1.5-2m thick though. It seems a lot of traditional assumptions about coal mining don't apply when you're mining 30Mtpa.
zinvestor,
I remember psi81 say Johnstone West 1 and Ooraminna 2 where going to flow gas and oil.
I never said anything of the sort. I would never say a gas or oil well is definitely going to flow until it actually does flow. And O-2 did flow gas anyway.
Not that I see that it has any relevance to EER.
EER Price at posting:
61.0¢ Sentiment: None Disclosure: Not Held