InvestorsHub Logo
Followers 1
Posts 50
Boards Moderated 0
Alias Born 06/09/2008

Re: Pedro2004 post# 16169

Saturday, 03/07/2009 11:17:18 PM

Saturday, March 07, 2009 11:17:18 PM

Post# of 22460
IF I'm reading this report correctly, Quest waste percentage, while looking high to us non-mining folks, is right in line with what is to be expected.

http://www.energy.ky.gov/NR/rdonlyres/3031BCB7-E149-46FE-8DC3-7F6E18575FB3/0/Honaker.pdf

"The average amount of rock in run-of-mine (what we non-miners are calling "raw" ) Eastern Kentucky coal ranges from 60% to 70%."

So while Eugene and company can be faulted for many, many things, it would seem that having too high of waste (ie: rocks) isn't one of them.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.