Phoenix Rising Companies Inc (PRCX)

[DaReal]

Henan Wandi -> 24 million tons of coal?

Just a pipe dream imo!

original link: https://translate.google.com/translate?sl=zh-CN&tl=en&u=https%3A%2F%2Fwww.wanglu.net%2Fthread%2Ft4-177078-0.html
google translate: https://translate.google.com/translate?sl=zh-CN&tl=en&u=https%3A%2F%2Fwww.wanglu.net%2Fthread%2Ft4-177078-0.html

"REPORT ON EVALUATION AND CONSULTATION OF MINING RIGHT OF HENAN WANDI MINERAL PRODUCT DEVELOPMENT COMPANY, LTD." mentioned in the 8K.

"The estimated recoverable reserves of the whole area are 764,800 tons, and the recoverable reserves of 228,700 tons that need to be collected from the transfer income. The comprehensive mining loss rate of the mine is 20%, the production scale is 150,000 tons/year, the total service life of the mine is 3.64 years, and the transfer income service is required. The period is 1.08 years, and the evaluated product plan is raw coal. The product does not include tax at a sales price of 470 yuan/ton, the mining rights equity coefficient is 3.9%, and the discount rate is 8%."

No mention of 24 million tons at all! Oh and the Deal isn't closed yet right? Wonder why...