Compliance Energy Corp CPYCF

RE: RE: more serious gaps in feasibility report

[mokita]

2guys, Read the feasibility study--met coal price needs to be  $174 mt to be profitable, but CEC avoids giving a price for thermal coal to be profitable, yet is designing Raven for both met and thermal.  other serious gaps in Raven feasibility study is no budget line for the high finance charges that is tanking Cline Coal currently, and most significantly, no budget line for mitigations that if serious and not just "design" that current deregulation standards permit, can be millions. Suppressing coal dust that is under regulated due to heavy coal industry lobbying to save miners both above and below the ground is costly and the industry mitigates to lowest standards that the USW claims puts miner lives at serious risk.

Biggest gap, however, is clarification Raven will be developed to produce both thermal and met coal and yet the figures are just for met.  Question is, if Raven produces thermal as is Quinsam mine with the same coal quality, how low do thermal prices have to be in order for Raven to be profitable and why aren't investors asking this question?  Vancouver Island is a graveyard of coal mines that went bankrupt only after a few years.