20mtpa operation might not do it for EER. There is a reason why there are mega mines in the Galilee and they are around 500kms away from the Port. EER is not even in the Galilee (they are more than 200kms away from the Galilee Basin).
Economies of scale is why EER are proposing up to 20mtpa because in reality the cost of rail is going to eat into profits in a big way. Then you have the low rank coal that is on EER's tenements. It's very different grade to that of the Galilee Basin.
You do know that EER's tenements are 700kms away from Abbott Point?
EER have no rail solution EER have no port solution EER have no money (under $700,000 in the bank) EER have open cut resource EER are around 700kms away from the closest Port
A 2bt resource not reserves. I'm wondering what coalers have big resources at 500m below the surface. I'm unaware of any that have such a huge resource at such deep depths. Would you be able to point some out?
EER Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
