GREY:NDXFF - Post by User
Post by
scott1tayloron Jan 22, 2010 4:18pm
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Post# 16709825
43-101 / Production
43-101 / ProductionCompany told me this week that we are less than a month from an updated valuation and 43-101 on the Rosa Mine and that production start-up is targeted to commence on March 1. Full production would then be achieved over the next 3 months arriving at an aggregate target of 150,000 MT/yr.
Using traditional valuation models we achieve a significant lift in enterprise value for this asset and of course the market capitalization. I for one look forward to reading this material once ready.
Please see this link below for information on the spot prices for Met coal from the US Energy Information Agency. This may shed some light for the readers here as to the actual expected revenue range for this phase of the mine.
https://www.eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html