Phoenix Rising Companies Inc (PRCX)

[DaReal]

Lots of Coal?? LOL

GL with that too!

Good read on the HUGE Coal mine can be found here:

original link: https://www.wanglu.net/thread/t4-177078-0.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

This is "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%."

There is no mention of 24 million tons as claimend by SGCI/Phoenix/RSSV!