Hustler
The following presentation is worth a read:
http://www.asx.com.au/asxpdf/20080509/pdf/3191g6wzqjdncv.pdf
In a nutshell, they have over 580 million tonnes of top quality hard-coking coal in their three deposits. (NRE No 1 = 323m/t; Wongawilli = 121m/t; Avondale = 136m/t)
They will be ramping up production each year for the next 5 years until they reach their target production of 7 million tonnes p/a
Simple maths will give you an idea of the "unlimited potential" in their deposits. They will be mining this for decades to come! Then their will be other avenues of growth, via aquisitions etc.
There are some great stocks on the ASX that I could mention, but none that I could recommend more for an explosive, yet safe, investment for a "mun and dad"
cheers
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 634638 | 3 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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