i am new to coal, saw the annoucement and jumped in at 5.4 cents
So they have about 328 million shares (fully diluted for 5 million options).
Deutsche Bank said the price for thermal coal would be about $144 per tonne in 2012.
That means if they end up with 20% (they have 70% then take off any royalties) totally pulled out of the sky) of the washed resource of 2.3 billion tonnes that is worth...billions!
Can anyone tell me when they aim to start production (2013?)
cant believe no one has picked this up..., page-7
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