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Corsa Coal Corp V.CSO

Alternate Symbol(s):  CRSXF

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.


TSXV:CSO - Post by User

Comment by auburn2on May 14, 2022 11:04pm
76 Views
Post# 34684505

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Train wreckNew contracts will be negotiated around August from what I understand. Those contracts will be a big bump up from the current ones, so 2023 should be a flush year, and they're going to survive 2022 just fine. Also am reaching out to the company to see what exactly they are doing about labor challenges. Imagine what they could generate if they were producing at at just 300,000 tons per quarter. Acosta itself can do 400,000 tons per year with proper labor & has decades of reserves.

"The Casselman Mine accesses the Upper Freeport Coal seam. Corsa’s most recent National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Report indicates the presence of over 2.6 million tons of in-place, low volatile, clean coking coal remaining at this mine. This mine is expected to produce between 550,000 – 600,000 tons per year of high quality, low volatile metallurgical coal."

Still lots of life there according to the technical report.
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