I'm finding it very difficult to compare HUN's thermal coal with similar thermal coal projects ... as there aren't any similar projects that I know off.
i.e. projects that combine similarly high quality thermal coal that start largely from surface and with similar thick seams (The existence of a single near surface 50 metre wide seam I thought was impossible, before I found HUN).
Until we find a similar project - it might not even be fair to HUN to compare HUN's high quality thermal coal resource with its very low strip ratio - with even a 10BT average quality thermal coal resource that has a strip ratio of 5 to 1, and that might only be economically marginal or even uneconomic.
There are geological resources (some which may sound impressive.. like a 1BT plus resource) but only part of the geological resource(or even none of it) might prove economic.
HUN Price at posting:
$1.49 Sentiment: LT Buy Disclosure: Held