RE: Lossan I had meant to go back and look at this, I just now found the time. You are correct, it was a small property (4,000 ha), and there was a high ash content in a lot of the samples.
Xtrata can reexamine the resources and blend this coal with its other operations.
Out of resources of 200 Mt, the reserves were slightly less than 14 Mt saleable. Resources are defined loosely as having a chance at being profitable. Reserves pretty well narrow it down.
The latest MD&A shows claims in to the BC government for $509m for the other BC coal properties based on NPV calculations.
I guess Cline is finished w/BC coal for now.