Don't worry bossThis consultant writing Tech Rep is pretty funny .
Do you want me to write "Report" that Allen slope( 2 seams ) + Maxwell seam will produce
60mt LOM ( 3mt/y x 20 Y )
No problem boss = old report .
Now ,do you want me to write that above will produce only 8mt LOM ?
(7 times less) No problem boss- here you go.
BTW , did you noticed boss, Elk DOESN'T HAVE EVEN ECONOMIC
PRE- FEASIBILITY STUDY - as VERY EARLY PRE_PRODUCTION DEVELOPMENT PROJECTS WOULD ?
It will cost you boss, $ 4m and I am happy to help. LOL
A
fter PFS( 1 YEAR to do) we may do BANKABLE Feasibility Study.(another year)and few $ million)
Otherwise no bank will lent you money, as economics are not proven at all.-
Oh , BTW ,boss ,there is 11 little problems here too,
1--You may need to do geologic modeling of roof and floor conditions
to assess PHYSICAL FEASIBILITY = SAFETY OF MINING geeesus
2-
-No 4 different air emission and refuse permits with 3 different agencies - don't worry boss
3--SURFACE for REFUSE DISPOSAL ENOUGH FOR 2 Y ONLY - don't worry boss
(in last 'report I said refuse area is good for 4 y - oh well ,Boss - you know I can write WHATEVER )
only 60 mt t refuse LOM is say ,60m cubic meters = 2km x 2 km x 15 m high ( 5 story high)
4 square km = 800 acres BUT they have only 250 acres of surface rights for WHOLE MINE.
geeesus.
4--
no permit to mine more =- ALLOWING EXPANSION IN APACHE AND ALLEN SEAM- don't worry boss
5-
- no DMRS enviromental permit - don't worry boss
6--
no permit to expand mining boundary- don't worry boss
7
--no decision in sight on LAND LEASE FROM BLM (APPLICATION made in 2007 )
8-
-200 gas wells x $ 1 m each on the property were there first and have the right to suck methane for 30 Y - don't worry boss ...
we will pay them 30 y of their profits up front
, so maybe they will go away
(or maybe not if we will o
ffer them only as little as $ 200m over LOM )
geeeesus - this hidden capex is RIDICULOUS .
If paid "as we go" every year from opex the cost per 1 t rises by $ 10.
I bet you ,they are putting as many wells as they can, as we speak - to get paid 30y up front by desperate CMK. ---geeesus.
9-
Jansen yard can store only 1kt ( see previous post) - don't worry boss
10- Jansen yard/ trucking bottleneck will limit our shipments to 1-1.5 mt - don't worry boss
11-
altogether we are at EARLY DEVELOPING stage- pumped 2 years ahead of reality
- don't worry boss
The pump is a predictable dump.now.
===============
See
Peace River Coal in BC owned by deep pockets Anglo.
Market cap delivered from NNE-A which holds 12% of PRC is now around $ 300m= $ 1 .4 CMK equiv.
A company with $1.4 /sh CMK equiv has :
- 1mt prod FOR YEARS, expanding to 3mt -financing no problem by parent
-- a railoadout
--spend in last 5 Y $ 560m on capex and acquisitions- partner to WTN on Belcourt and Saxon
-- 3 times shorter distance to shore
--established long term customers with marketing and pricing power of Anglo
--better quality coal
Anglo put it for sale and
NO ONE IN 1 Y on the market would pay the ask price of
$ 430m ($ 2 CMK equiv) despite WTN / WLT BEING THE obvious buyers .... geeesus.
More here:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29837282&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29837124&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=29831636&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29806348&l=0&r=0&s=CMK&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29819444&l=0&r=0&s=CMK&t=LIST
.