CCC 0.00% 0.1¢ continental coal limited

Spaceboyc you need to consider that much of the resources has...

  1. 5,583 Posts.
    lightbulb Created with Sketch. 1
    Spaceboyc you need to consider that much of the resources has been moved to measured and indicated status... CCC now have proven and probable reserves. The quality of the JORC resource has increased.

    There's also an inconsistency in the comments in that they say total JORC resources at De Wittekrans is 366mt but the table shows 167mt... looks they might need to submit a correction, my guess is that the inferred resources at DW should read 269mt (instead of 69mt) down from the previous estimate of 296mt inferred. If that is the case then total JORC resources should now stand at 765mt from the previous estimate of 631mt.

    The drop in resources at DW from 441mt to 366mt shouldn't be a concern because, firstly, resources have shifted to measured states, ie higher quality; and at 7mtpa, it would've taken 63 years to mine out the resource, whereas now it stands at a mine life of 52 years... whooopie dooo.



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

Currently unlisted public company.

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