Post by
godman on Mar 13, 2012 3:37pm
Xstrata just made deal with JX Nippon
for a 25% position in their BC coal properties for %435 million. So for $145 for First coal, $ 40 million for Lossan {CMK}, and $500 mil for Tailsman, they cover most of their costs and probably use that money for putting it into production. That will be great for us, NOT!! The extra $150 mill we should have got for Lossan would have covered all our costs up and including rail spur, F...K!!
Comment by
rimm=palm on Mar 13, 2012 4:10pm
How do you calculate Lossan being worth 200 million? Does anyone know what Lossan was originally purchased for?
Comment by
notwrong on Mar 13, 2012 4:41pm
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