Fortune Minerals Limited (TSE - FT) Message Board

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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)

FT 8.030

+0.4%

Dec 30 4:00 PM EST

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To: Dave R. Webb who wrote (590)	5/9/2002 10:53:16 PM
From: coass	Read Replies (1) of 612

Dave: I agree these are questions that need to be addressed. I understand from my investigations that anthracite can sell for between $ 40-200/tonne in US currency FOB port, depending on the size, ash, sulphur contents etc. Average stuff, maybe $ 80 or so. My guess, mining by open pit is usually about $ 2/tonne. The strip ratio is not mentioned in the press release but I understand it to be comparable to other mountain coal deposits. Washing and separation maybe $ 5-10/tonne. trucking to port maybe $ 20-25. IMO Sounds like a no brainer. what do you think? Coass

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