Further to that point, the company is actively developing
plans for construction of a dedicated 600 Megawatt power
plant near Chandgana to start and eventually build a
series of such modules to reach total capacity of 4200
MW. It is a very ambitious project involving hundreds of
millions of dollars in capital expenditure, but given the size
of the deposit at Chandgana, there is enough coal to fuel
such a power plant for many decades to come. To be
clear, we’re not saying that Prophecy itself would be
building a power plant, but rather attract interested parties
and facilitate the project. If successful in getting this
project off the ground, Prophecy should have no problems
financing mine construction at Chandgana. We feel that,
unless the market decides to reward PCY shareholders
generously, in due course, other parties will emerge, able
and willing to pay up for these assets.