Corsa Coal Corp V.CSO

Alternate Symbol(s): CRSXF

Steel Steel

Corsa Coal Corp. is a coal mining company. The Company is engaged in the business of mining, processing, and selling metallurgical coal, as well as exploring, acquiring, and developing resource properties that are consistent with its existing coal business. Its core business is supplying metallurgical coal to domestic and international steel and coke producers. The Company's operating division, Northern Appalachia (NAPP). The NAPP Division, based in Somerset, Pennsylvania, United States of America, produces and sells low volatile metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States of America. The Company has the operational capacity at its mines to produce over 1.6 million tons of coal per year, with processing capacity at its two operating plants in excess of 4.0 million. The Company also operates preparation plant facilities in Somerset County.

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Corsa Coal Corp > Train wreck

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Comment by auburn2on May 13, 2022 12:43am

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Post# 34680352

RE:RE:RE:RE:RE:RE:RE:RE:RE:Train wreck

For example, A Seam. 600,000 tons at say $250 - $100 costs = $150.

That's US$90 million for the first year with estimated US$28 million start-up costs. 6.4 million tons of proven reserves, so 10 more years of 600,00 tons production based on the proven reserves.

If a company held this asset, and nothing else, what would it be worth?

At $50 margins based on $150 pricing and $100 cash costs (high to be conservative) it generates undiscounted US$300 million.

So C$100 million is reasonable for that project because of the very rapid payback of investment in this environment. Current margins would be much higher than $50.

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