Tried to pull up some internet information on Compania Minera San Jose Ltda. in Colombia, however not much is available yet, I am sure they will have a complete accounting once the new web site is activated.
Here is what we do know, it is 400 Hectares which is 988 acres or 1.5 square miles, it is a working mine and is awaiting permitting and should be in production within a month.
The La Tabaquera mine has proven reserves of $74 million ‘in situ’ which would equal $1.00 per share with a 74 million share outstanding. Given that not all coal will be harvested it should be taken down to 70% exploitable with recovery costs would make a best guess at well over .50$ company value per share once production begins at La Tabaquera
There will be some transportation costs but it looks like this company is forming subsidiaries to cover trucking costs.
Conclusion: seems to be a well thought out plan about to be executed. Still waiting for total tonnage and grade of the San Jose mine.
Economic Darwinism - the process by which Pink Sheet Stuckholders are relieved of their money and removed from the financial ecosystem, thus insuring that they will never become wealthy enough to cause real damage.
