RE: RE: About Ridley Terminals Re The -shadow
Take a kook at this from Cline minning web site.
G
o to Projectes and open it up.
Thanks for pointing out that I do not know anything.
tinyhopes
NOTE: Effective as of February 9, 2010, British Columbia Regulation 41/2010 has created a new mineral and coal reserve that covers all lands within the Flathead River watershed, imposing a moratorium on the acquisition or issuance of mineral, placer and coal tenure within the reserved area.
Cline owns the The Lodgepole Coal Project located in the Crowsnest Pass area in southeastern British Columbia. The independent engineering Report prepared to Canadian Instrument 43 101 requirements has been prepared and delivered to the Company by G.R. Technical Services Ltd, an independent engineering and consulting company. The environmental protection input and design contained in the Study was undertaken by EBA Engineering Consultants Ltd.
The Study and Canadian National Instrument 43 101 Report estimates total measured and indicated coal resources at the Lossan Coal Project at 154.572 million tonnes and total additional inferred coal resources at the Lodgepole Coal Project of 3.228 million tonnes as follows:
The Lossan coal deposit will produce a low volatile bituminous pulverized coal injection (“PCI”) for use in the steel making industry.
The Lodgepole mine property is located within haul distance of a unit train rail service connecting to the Vancouver area, British Columbia, Canada year round bulk coal ship loading terminals on the Pacific west coast.
( The Ridley Coal Terminal has significant excess annual coal loading capacity. )
Following from calculation of the Lodgepole coal resource in place at 154,572 million tonnes of measured and an additional coal resource of 3.228 million tonnes indicated, G.R. Technical Services Ltd. delivered a feasibility study (the “Study”) at the request of the Company for the production of an initial 2.0 million tonnes of coal a year from the Lodgepole coal mine project over an initial 20 years (the “Lodgepole Coal Project”), the coal taken from the total of 154.572 million tonnes of coal in place calculated in the Study.
The Study further estimates total proven and probable coal reserves for the Coal Project, which are utilized for the planned coal production from the above coal resource base, of 40.599 million tonnes as follows:
Among the key assumptions of the Study are a product yield of 65 % being obtained, a waste to clean (product) coal strip ratio of 5.8:1 during the first five years of operation, increasing to an average of 8.0 bank cubic meters (BCM) of waste to one metric tonne of clean coal over the 20 year feasibility period, a project capital cost of approximately $154.8 million, an average price of US$ 85.00 per tonne of product PCI coal and an exchange rate of CDN$ 0.83 for US$ 1.00. The Study contemplated a pre-tax net present value (NPV) for the Coal Project (using a 10 % discount factor) of $ 274.5 million; after repayment of invested capital, and a pre-tax internal rate of return on the invested capital (IRR) at the Coal Project of 29.6 % subject to future economic, cost, price and exchange rate sensitivities. The G.R. Technical Services Ltd. Study is presented in this clinemining.com website.
The permitting process for the Coal Project is proceeding subject to regulatory approval.
Statements in this Lodgepole presentation and the Study, other than purely historical information, including statements relating to NPV, IRR, the Company’s future plans and objectives or expected results constitute forward looking statements. Forward looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in mineral exploration and development. As a result, the results actually obtained by the company will vary from those described in the forward looking statements and such variations may be material.