LNC
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0.00% 99.5¢ linc energy ltd

written offers to for all three coal assets, page-9

  1. Ya
    6,809 Posts.
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    26/07/10
    11:45
    Post #: 6943092
    Linc's 3 tenements in question are likely 2b,

    Galilee Basin with 7800 mT coal resource
    Emerald (Teresa): 852 mT
    Pentland: 266 mT

    Besides these 3, the remaining 2 assets that form part of LNC's core activities for now are,

    Chinchilla: 752 mT &
    Dalby: 146 mT

    A while back Xinwen pulled out frm the A$1.5b heads of agreement for the Teresa deposit, not sure why given that the GC seam here is mined by Rio at its Kestrel mine to the East. Looks like the new buyer might see things differently.

    LNC Price at posting: $1.68 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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