Compliance Energy Corp CPYCF

Raven Met coal spin

[coalbad]

Saying the Raven Coal is metallurgical coal is comparible to saying a rickshaw is a form of mass transit.... both are technically correct but poor examples as comparisons. If you filled a kiln full of Raven coal, it would not make one gram of coke. In fact it's a very low quality met coal used for BLENDING with high quality coking coal to reduce cost in the steel-making prcoess, and will most likely sell at a 40% discount to premium coking coal. 

When you cut to the chase, the Raven mined coal (ROM) can be described as 38% low quality met coal suitable for blending, 6% thermal coal, and 56% garbage with toxicity that represents a considerable environmental hazard for acid drainage and other contaminants that will have to be disposed of on the surface.

[2guys]

coalbad, I'll take Pincock, Allen, and Holt's spin over your anyday. Again, here is what you call spin from the news release and described by Pincock, Allen, and Holt. It's not what I said, I'm just quoting it. If you choose to change it, by all means show us that your credentials are better than Pincock, Allen, and Holt;"Coal processing will be conducted on site. Average wash

[coalbad]

Hey 2guys, do the math. The 88% you quote is of the wash plant yield (44%) not the run of mine coal (ROM). So.... you take 88% of the 44% and you get...... 38.7% met coal and 12% of 44% gives you 5.2%. It's not that complicated.  Like I said before, 44% of the ROM will be a saleable product and 56% of the ROM will be GARBAGE reject rock left on the surface. 

[2guys]

Whatever coalbad.  The Feasibility Study shows a net margin of roughly $100 per tonne of saleable coal.  Good enough for me, even if further studies are needed for the Bankable FS.   This is how the industry works.  atb