AUL 0.00% 28.5¢ austar gold limited

Bacchus marsh value if developed?

  1. 4,255 Posts.
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    I just found some numbers on another coal miner I thought relevant.....


    "Still, Glencore and Sumitomo remain open to doing deals. The pair jointly purchased a 50.1 per cent interest in the Clermont coal mine in Queensland from Rio Tinto in October for $1.05 billion. The Clermont mine has an annual production capacity of 11.5 million tonnes of thermal coal, and proven reserves of around 156 million tonnes, compared with NCA's proven reserves of 124 million tonnes."

    according to quote above-Clermont was valued at 2 billion?

    prod capacity of 11.5 mt/pa
    reserves of app 156 million tons.

    Bacchus marsh- potential to be a low cost producer.
    20 million ton per annum!
    approx 800 million tons of reserves..

    It is early days but part of buying small caps is buying based on future "Potential"
    lots of ifs and hurdles BUT MNM offers a huge potential at BM and LV and maybe Mt Mulligan???

    Imagine if BM And LV coal are mixed, both used?

    imagine if Mnm coal can be used for Export BCE and DICE fuel and Hydrogen????

    wow

    dyor- no guarantees but for a MC less than 8 million and Billion dollar potential? Worth waiting????? I am

    its worth the 7.3/ million capper putting the order on every morning???
    what else is going on we don't see?
 
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