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Re: None

Monday, 04/27/2009 7:23:05 AM

Monday, April 27, 2009 7:23:05 AM

Post# of 2230
3 Million Tons is the combined annual capacity from the 6 mines

Got an email from Laby Wu (CFO) that they're looking at 3 million tons annual capacity out of the 6 mines (combined total).

I don't know the quality/heat capacity of the coal, which makes a big difference in price. But taking the lowest grade of coal, and pricing it conservatively at $50/ton, we're looking at $150M in revenues. This assumes they are able to successfully extract and sell 100% of estimated capacity...but even if they are only able to sell half the capacity at a conservative $50/ton, we're looking at $75M in revenues.