GREY:CPYCF - Post by User
Post by
str8tgoodson Nov 22, 2011 7:56pm
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Post# 19259733
Question?
Question?I'm not a current shareholder but have had CEC on my radar ever since PCY bought 5 million shares back in March.
What I don't understand is the specifics of CEC's asset at Raven. Is this considered Metallurgical or Thermal coal? I read an article by Barbara Thomae from Pathway Asset Management dated April 2011 and here she states the following:
"Pincock Allan & Holt's positive preliminary assessment last October set the stage for an economic underground mine based on a resource of 72 million tonnes of thermal and lower grade metallurgical coal in measured and indicated categories. This did not include the 59 million tonnes coal in the inferred category."
Can anyone better versed with the CEC story comment on their Raven asset? What value can be placed on this considering that it may not all be metallurgical coal? TIA