teresa sale sounds ridiculous

Teresa, 330 sqkm, inferred coal resource 852MT, sells to Chinese Xinwen for $1.5 billion.

Its just sounds ridiculously expensive in today's market, while the market capitalization of some big coal companies falls well below $1.5 billion mark, like MCC, FLX, AQA and CEY.

1. Only 43 holes drilled in Teresa, how do define the JORC inferred resource for 852MT, according to JORC standard?

2. Coal seam only 3m thick, and locates underground 100m.

3. 200MT for open pit cutting looks a liar since strip ratio is well above 8 times.

4. Teresa locates 500Km away from nearest port, high rail transportation fee will be charged.

5. It is only exploration license, and mining license is far far away.

I don't know why Xinwen would like to pay $1.5B for Teresa, which fairly market value may stays only tens of million dollars. This is why all the Linc share holders and its management teams are eager for the deal to come.

Even though Xinwen likes to pay, I think Chinese government will certainly reject the deal this time, from the lesson of too expensively purchasing of AED oil and Midwest.