"Moisture contents of coal deposits in the basin range from 1.1 % to 4.7 % and volatile matter content ranges from 14.8 % to 34.4 %. The Mongol – Altay coals have a calorific value ranging from 29.7 to 35.2 megajoules per kilogram (“MJ/kg”) and ash content ranging from 11.6 % to 33.2 %. The maximum vitrinite reflectance ranges from 0.86 % to 3.66 %. Sulphur content is typically low averaging 0.6 % and does not exceed 1 %"
From the announcment, the above isn't anything great. Very broad ranges. Not good grade IMO. These ranges are very general indeed, text book in fact.
Anyway, capital raising should be interesting.
Good luck
ROB Price at posting:
3.0¢ Sentiment: ST Sell Disclosure: Not Held
