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Tuesday, April 02, 2019 1:29:05 PM
Mr Neary stated the testing was complete.
I've read many posts on here that suggest foreign coal samples will need to sit for 9 months (post testing) prior to CCTI obtaining a signed contract.
I'm not sure where that comes from..
IMO, reading this quote within the same transcript "Consider that India is projected to eventually reach 1 billion tons of coal consumption per year, and that domestically they'll cap out at around 600 million. So imports will eventually reach about 400 million per annum."
These 500-ton test batches may be solely for exploring extraction and blending techniques. Rather than India figuring out how to store clean/dry domestic coal for extended amounts of time. Using 1 Billion tons, while producing a measly 600 Million, doesn't leave much concern for stockpiling.. Instead, it gives Wyoming and the PRB a potential 400MM ton marketplace.
Just my opinion :)
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