46m shares – low low MC top 20 hold 50% at much much higher price than current
Production targeted for end of 2014/early 2015
High quality coal – coking – very very low phosphorous content - $$$$
Infrastructure - Project is only 2km from main road which leads to port. Already talk of conveyor belt being built to highway to truck coal to port.
Modest initial output however recently acquired tenements should significantly increase tonnage. NB coal seams are widening/at there thickest at current tenement border adjacent to newly acquired tenements yet to be explored.
Columbia now rated as 6th or 7th most desirable to country to mine in.
Very conservative PFS figures which excludes new tenements.
Tenements located within the much touted ‘ring of fire coal’ region.
10% owner of project is a local – will essentially be a ‘man on the ground’ and will be most beneficial in expediting environmental and mining applications as well as undertaking negotiations.
Management have had proven success – Paul Kopejtka – MMX
Reputable firms buying up and backing co. although struggling to do so on market due to very little shares available.
