NCR 0.00% 0.5¢ nucoal resources limited

Presently they have an indicated 420Mt that should rise once...

  1. 98 Posts.
    Presently they have an indicated 420Mt that should rise once latest drill results have been analysed to possibly around 520 Mt. they have a mix of both thermal and semi soft coking. The first seem targeted for production will be the better quality semi soft more profit and at 6% ash negates the need for a washery. Just dig it up and put it on the boat. Look the thing to remember with this stock is lead time to production is long at 2015.Its a big project 5-6 hundred million to get it into production but it has transport infrastructure, close to port good management and great product.Does it have potential partners, certainly.your talking about an underground mine with a 6-8 mt ROM production capacity. Not small beer.
    Roidz.
 
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