Was on the millenium coal project(moranbah) from the start to the finish, est cost $450 mil....actual cost $550 mil and the coal seams look familiar and if its near coking quality and only 200km from rail then its worth (guess) at least twice as much as the market cap of GMM so a big plus.
Millenium was taken over by peabody for $800 mil + and they got a good buy including a brand new washplant and rail loop plus plenty of 7/10 COAL on the calorie scale so mongolian coal near china has to be worth ...
like i said the seams look familiar, only closer to the surface
Was on the millenium coal project(moranbah) from the start to...
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