pirate special, page-77

Hi Guys

Nice posts guys, just one thing chookie with your evaluation of $1/ton. That figure is generally used for resources that require heavy infastructure to ge thte product to market. Due to CLR's tenments nearology to infastructure i believe you could value the resource at a higher price due to the fact that CAPEX costs would be reduced signifacantly due to the existing infastructure in the area.

In my opinion i think the market would value the coal at a greater in ground value of approx $2. Anyway just my thoughts from what i have researched. For those who are intrested give the link below a read it contains a very intresting report created by patersons back on the 16th of August 2010. This report shows averages given to inground resources as well as average pricing accross the sector. It does miss several new companies that have listed recently as well as those that have transformed to coal stocks, but still worth it for anyone intrested in the coal sector.

http://www.stanmorecoal.com.au/HTMLContent/images/Patersons%20Report%20-%20August%202010.pdf

GL to all holders

GB