teresa coal tenements, page-12

Nic and anyone else that's interested

Q Why is the sale of the mine so low when there has never been a better market for coal?


The Teresa coal sale price is a 2 fold play.

1) cash price for mine

2) On going royalty.

Hence it could be sold for $1 Billion with no royalty payment now, that might catch the market by suprise!
This is no too stupid a suggestion especially after listening to what J Peters had to say at the Asian small cap conference.LNC is i talks to reverse the Adani royalty.

That's my 2 cents worth for the day.
I hate days like today when the price of LNC is up on a down day!!!

Cheers,

Dan hold