Post by
ravensbranch on Sep 12, 2010 10:09am
new prospect
This is exciting news. The location isnt very far to water which means cheap transport to the southern ports. The fight will be to find the $ 70 million needed to build the infrastructure as well as the wash plant. Somewhere around $ 70 million. Its a drop in the bucket compared to the reserves, but, they still have to find the money.
Comment by
rborhi on Sep 13, 2010 1:31am
What about the other two options that were supposed to have been completed by now? They have three prospective areas to possibly add for coal mining now. Would be nice if they could complete just one of these acquisitions. Glad to see they are thinking big though, will be nice to have more tonnage to their reserves.
Comment by
dmtchili on Sep 13, 2010 10:51am
CLANG! no money - that is what we are upset about - there is no credible plan in place to finance these options!
Comment by
JimmyShaker on Sep 13, 2010 2:09pm
Saw the new NDX infomercial on BNN this morning . Sure looks like a stock in the $3 dollar range.
Comment by
ZeroZero on Sep 13, 2010 10:29pm
..... has to get to 30 cents first.....!!