RE: RE: RE: RE: first (reply)...It looks as if we both are onthe same side. No sense in debating this.
2 guesses as to how much coal was sold
1- the latest M D & A states that 35k tonnes of raw coal had been produced as of July 15th. Clean coal is about 50% of that, and taking into consideration that other coal is need for sampling to customers etc
- i would venture a guess of about 10000 tonnes of coal
2- When i spoke with Dale Hendricks, about 1 month ago, said to me that 50000 tonnes of coal was ready to be sold, and after looking atthe photos on the website, i would tend to agree. My guess is 50000 tonnes or thereabouts
Price per tonne, anyone's guess, the benchmark for this quarter is $315 tonne-
$200?
$225?
no idea, but if it is 50000 tonnes, this represents 10 million in revenue less the transportation costs. Also remember that the financing included 20 million for the rail line, will not be spending this money until consistent revenue is generated.
I think that this should ease investors worries about running out of money again.
IMHO