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Bullboard - Stock Discussion Forum Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining... see more

GREY:CPYCF - Post Discussion

Compliance Energy Corp > Raven Coal Mine coking coal myth
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Post by coalbad on Aug 21, 2014 7:09pm

Raven Coal Mine coking coal myth

The Raven Coal MIne coking coal myth was debunked years ago. IF the ROM coal can be reduced to less than 10% ash content it will then sell as a " semi -soft " coking coal product suitable only for blending with a higher grade coal in the steel making process. If for whatever reason the ROM can't be reduced to a 10% or less ash content, the processed coal will then be sold as a thermal coal product. The processing plant is intentionally designed to produced either a (SSCC) semi-soft coking coal or thermal coal product. Further more, the SSCC product will fetch a reduced price than a true coking coal product. In some cases a 40% discount will apply, as illustrated in the HSMC graph below. By the way, the Raven feasability study had the price of SSCC estimated on aversge at $179/mt. Good luck on gettting that price anytime soon. The graph below is also in USD so you can deduct another 9-10% off those prices for the current currency exchange rate.

red-black line graph of coking coal price forecast through 2016
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