Ravi has already made a calculation of only $1 per tonne.
Below is his/her's comment:
"So, what is 1 Billion tons of coal worth ?
$1 per tonne ?
So, maybe $1 Billion .
This might be Richard Cottees first substantial test.
RAVI"
Surely the coal estimates are worth that $1 per tonne as Ravi posted. Especially when the latest prices, as for what is posted below, is at least $100 per tonne, and up to $US210 per tonne FOB, and when usually during takeovers and/or selling of prospective tenements the usual/norm figures/amounts used in calclation is based on about 10% of the resource value.
" The Australianwww.theaustralian.com.au/.../coal-price.../story-e6frg9df-122637557...You +1'd this publicly. Undo 31 May 2012 – Thermal coal prices have dipped below $US100 ($102) a tonne for the ... coal contracts have been settled at around $US210 per tonne FOB ..."
Now, even if we place a value of only 10 cents per tonne, and you multiply that by the amount of tonnes that we are supposed to be holding in our tenements, you would find out what that 10 cents per tonne would be worth.
I only hope that sanity will prevail here, and that the Board, like someone else suggested, they will only let CP have a fraction of our tenements. It would be murderous IMO to let him have the whole lot of it.
Again, these are only speculations, but very good for encouraging an exchange of ideas.
Cheers, Buddy134
CTP Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
