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Saturday, November 21, 2020 4:55:37 PM
Wandi is a lot bigger/more profitable than we've been projecting. We've been using US coal rates @$50 to put a valuation on it, put it's presold for ~$85 (560 yuan)!!
This is from the personal claims trial of the former(current?) owner of Wandi. so it was verified by both parties/the courts:
"the two parties signed an agreement. The raw coal produced was pre-sold to the plaintiff Chen Songbao at a price of 560 yuan per ton"
https://m.qcc.com/wenshuDetail/838fa75efd26b690450eadae57a9d139.html
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