CTP 3.64% 5.3¢ central petroleum limited

Triassic coal is not the Purni Fm which is where the thick coals...

  1. 6,334 Posts.
    lightbulb Created with Sketch. 2536
    Triassic coal is not the Purni Fm which is where the thick coals are. The Triassic coal was only 3.5m. That is not mineable by any stretch of the imagination.

    So the minimum Permian coal is deeper than 294m. As an example, if they find a 30m seam at 300m, that would be a strip ratio of about 7:1 BCM/t which is not economic for this type of coal.

    This is why I said they will need to find Purni Fm shallower than 300m, and substantially shallower at that.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
-0.002(3.64%)
Mkt cap ! $39.49M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $83.26K 1.516M

Buyers (Bids)

No. Vol. Price($)
2 234750 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 340510 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.