To take our options further, Banpu took over Hunnu Coal 12 months ago, with the $477million purchase.
To-date, no further mining has commenced at either of the two targets, although $200million is budgeted for further exploration.
See this up-date:
http://www.banpu.com/module/download.php?C=BANPU Q2 2012 (14 AUG).pdf&F=/content/investor-relations/presentation-file/108-2.pdf
Page 31.
The Coking is some 93m/t jorc, with remaining jorc at the Middle Gobi in Thermal.
What's the thinking behind further exploration - not sure.
My take is they are prepared to spend a large amount to continue to explore, in addition to the outlay last year.
IMO - still bullish medium to long term for Mono Coal ...
Attendance at this year's AGM for Draig is on the cards, and not just for the coffee and bickies!
Cheers :)
to mine or not to mine, page-6
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.32 |
Change
0.035(2.72%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.34 | $1.27 | $9.690M | 7.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1189 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 10300 | 2 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |