CXY 0.00% 0.3¢ cougar energy limited

Factfinder ,I agree with almost everything you said and yes the...

  1. 1,726 Posts.
    lightbulb Created with Sketch. 30
    Factfinder ,

    I agree with almost everything you said and yes the location is superb .

    However , you say the capex required to support the mine is "virtually nothing ( I take that as a very low entry barrier)" .

    The coal is 240m under the ground which would seem to mean deep long-wall mining.

    What would the minimum viable production rate be , 250,000 tons per year ?

    What would the Capex be for the minimum viable production rate ?

    P.S. if you are wondering why I'm invested it was originally for the UCG and I haven't felt like crystalising a loss .

 
watchlist Created with Sketch. Add CXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.