Lossan
WTN has approved the purchase of the old Pine Valley coal plant assets.
Cline Lossan coal project is approximately 10 KM from the Pine Valley coal plant. Lossan could use the same coal wash plant and load out facilities for shipping coal.
The BC project report shows the same start up date for Lossan as WTN below.
I suspect that Cline will bring market value to Lossan via WTN.
Lossan will be the first Cline project to get market value.
Clines other projects will be brought to focus and market value in short time.
Cline will soon announce, start of drilling on its Iron project. This will bring hundreds of millions of dollars in value to Cline.
Cline share price is ready rocket up.
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Western Canadian shareholders give OK for Falls Mountain Assets 2008-March-31 - News Release
WESTERN CANADIAN COAL ANNOUNCES SHAREHOLDER APPROVAL OF
THE FALLS MOUNTAIN ACQUISITION AND AMENDING THE CONVERSION RATE
Western Canadian Coal Corp.'s shareholders have approved, at the special meeting of shareholders today, March 31, the company's acquisition of Falls Mountain Coal Inc. and the amending of the conversion rate in the related-party loan made to the company by its largest shareholder, Cambrian Mining PLC.
Upon receipt of the approval, the company has indicated that work will commence immediately in restarting production at Falls Mountain's Willow Creek mine. This will allow the company to commence producing low-volatile PCI coal at a run rate of 60,000 tonnes per month from the Willow Creek mine as early as September, 2008, and open the opportunity to increase the company's Brule mine to operate at two million tonnes per year of low-volatile PCI coal from its current operating rate of 1.3 million tonnes per year.
"The acquisition of Falls Mountain is the next significant step in the growth of Western Canadian Coal," states John W. Hogg, president and chief executive officer. "With record coal prices expected in the upcoming coal year and higher coal prices expected in the next few years, the access to over 13 million tonnes of high-quality metallurgical coal provides a tremendous opportunity for the company."