RE: Cline's coal assetsIt is possible that some on this board are over valuing Cline's coal assets. For comparison purposes,
Sennen Resources ( V.SN) sold a 200 million tonne historic reserve of thermal coal last year ,located in
Queensland, Australia (close to infrastructure) for $10,000,000 Australian. I understand that coking coal is much
more valuable then thermal, and there has been a large increase in the value of coal per tonne. The question is
whether this is a valid reference transaction or a one off?
disclosure: small cmk long