'We will all be dead in 50 years, let's hope we get producing...

'We will all be dead in 50 years, let's hope we get producing quicker than that...'

seriously US? most HC readers would understand the post to mean:

* a 50 year mine life...

* a 50 year profit stream...

* 50 years worth of dividends...

all likely to commence by 2015, with 8 million tonnes of MNM coal being delivered annually from 2015 to Tata Power under an off-take agreement Tata have already signed with exergen.

the ONLY way exergen can meet this commitment to their key shareholder (Tata) on time is to export BCE out of the port of Geelong.

The only feasible source of 8 million tonnes per annum of BCE is from the proposed 12 million tpa exergen CHTD plant planned to be built on MNM's BM coal tenements.

The reality is that when exergen stitch up the plum S7 allocation (in a deal done years ago according to The Age newspaper) the mnm/exergen JV will have enough Vic BC to supply India for the rest of this century.

Calculate the value of that for us unsinkable.

DYOR