BLK - Blackham resources
It has a lower rank lignite coal that can be upgraded to an export thermal coal quality with new technology.
-Coal seam at shallow depths and can be mined for AU$4.86 per tonne as per Mining Study - http://www.asx.com.au/asxpdf/20100621/pdf/31qxpp1ytp0rt3.pdf
-Resource close to rail and port.
-Resource valued at $0.007c IGV per tonne in situ.
-proposed Coal to liquid facility and can produce a barrel of oil $38.22 per barrel. (has over 600mboe)
-In talks with chinese for funding of project, like Cnooc and Altona energy
Market cap approx, $8.5m
BLK - Blackham resourcesIt has a lower rank lignite coal that...
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