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Just check the coal quality, RES can never be EXT, not even a high quality coal company.
On page 15 of RES jun 2009 presentation, showing It's coal quality.
Waterberg coking coal---- RIO & BHP coking coal
ENERGY 6772 kcal/kg ------7700+ kcal/kg
Swelling ind 4 -----------8-9
Sulphur 1.1 --------------< 0.5
most international export thermal coal energy is 5500-6500 kcal/kg, Waterberg thermal coal only 4400 kcal/kg.
RepostJust check the coal quality, RES can never be EXT, not...
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