Replies to post #15380 on VHGI Holdings Inc fka VHGI

[Rsrch1st]

Thanks for that Benchman. Make it 104,000,000 tons. That PR states 21 million tons of saleable coal. The website now states 24 million tons of saleable coal. Add that to the 80 million of recoverable coal and you arrive at 104 million tons of coal. They've contracted for 1 million tons to deliver to IPL at $61/tonne. There's $20-$25/tn profit on that. If the remaining 103 tons has just $10/tn profit on average over the mineral life of the 2800 acres, that works out to approximately $20 million profit per year once phase III is complete and production gets to 2 million tonnes per year. Sure BTU and ACI are huger, but they're losing money. How many pink sheet pennys can claim some $400,000 to $500,000 PER MONTH profit on a single contract expectied to run 48-50 months? That's $4.8 million to $6.0 million in PROFIT over 4 years! And what will that become if they add another customer or two? And if coal prices start to rise?

[proftstocksny2]

Gdubya confirmed $65mn financing is on track to get closed...no problem, but a matter of paperwork left.

[Camaro Guy]

Benchman,

Thanks for sharing the link. I was pleased to see a reference to the additional 80 million tons. I sure would like to know where it is located. Maybe there are a few other nearby abandoned Peabody mines that Rick Risinger has acquired leases to....Anyone have information on the additional extractable 80 million tons?


Go VHGI !!!

[proftstocksny2]

Edmguy, care to respond on the reserves?