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Coal finally rebounding, page-9

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voncee

4,583 Posts.

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06/09/16

16:19

Post #: 18967983
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Originally posted by ryobal ↑

not bad up 11%.. im tied into ikw. you should check it out.
its 294Mt JORC compliant 6000kcal coal resource - mine built, licenses approved just going through contractor and off-take approvals.

Currently market values as $6M... its cash is $2M 0 debt. $9mil written off rightly so on drilling and exploration expenses..which leaves $10m for the actual physical mine and inventory... so 0 project value and $4M behind net asset value...

Announcement states mining to START in q1 2017... which isnt too far away.

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Thanks for that and I got in this morning.
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