not a bad idea at 100 mll you would pay back in 3 years considering how depressed coal prices are.
you would be left with 400 mill tonnes worth roughly $4 billion.
if i had 100 mill to buy a resource worth 4 bill or alot more with higher coal prices, i would buy it.
mou mc is around 12 mill, will probably get taken over :)
happy with 22 mill a year, values us at least 100 mill in my opinion on start up
should be at-least 30 mill mc as we stand, awaiting license
gl all
22 mill per annum is double our mc. increase coal price and then well its not to hard to see how cheap this is looking
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