NRL northam resources limited (application withdrawn 21 november 2022)
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With coking coal fast approaching $400 per tonne does anyone...

Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
  1. bearinvesting
    297 Posts.
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    25/01/11
    20:11
    Post #: 7790797

    With coking coal fast approaching $400 per tonne does anyone know what the standard value is for a tonne in the ground? also the value of high grade thermal per tonne in ground?

    Why? well if NRL is aiming to find 50mt of coking and 100mt + of high grade thermal in the 1st (of 6)tenaments they are planning on drilling what should its value be?

    I know we need the drill results and you need to get the stuff out of the ground however an in ground valuation should be easy? right? Rail lines are right there so the cost to get the stuff out will be cheap and easy.

    Can someone help me out on this one please.

    Cheers
    NRL Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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