A couple of Nicks questions have been answered ,-) After reading the Presentation and checking maps I believe the Vista South and Silkstone seam could contain more coal then the McPherson seam.
Here's the highlights,
* Potentially North Americas Largest Exporter Potential and Top 10 Globally
*9mtpa Saleable Coal Production Export & Domestic Thermal Coal
*Currently Available Port Capacity Currently Available Rail Capacity
*31 years of Currently Defined Coal Production With Further Potential Upside
*Long Term, Strong Operating Cashflow Margins
* Low Operating Costs Compared With Global New Builds No major transportation infrastructure required
Coalspur controls over 32,000 ha of coal bearing leases in the Hinton region
JORC/NI 43-101 Measured & Indicated Coal Resources of 1.01 billion tonnes on less than half of holdings
Coalspur is the amalgamation of 3 historical projects (Esso, Manalta & Denison) in the northern end of the Coalspur trend
The incremental capital required to reach full production may be funded from operating cash flow from the Vista Coal Project
Potential to consolidate additional target areas into a continuous strike length.
........................................................... Vista South Coal Project
Potential for satellite operation to leverage off Vista infrastructure
Contains JORC/NI 43-101 Measured & Indicated Coal Resources of 93 million tonnes with further potential Extensive drilling programs are underway
Substantial exploration upside from Vista South and Silkstone seam
The Silkstone seam which lies below the McPherson seam provides potential for additional resources that are not included in the current Coal Reserve estimate
CPL Price at posting:
$1.93 Sentiment: LT Buy Disclosure: Held
(20min delay)