I'd be thrilled if GXS.v can get higher prices but I'm just quoting their PR:
"Overall, the initial proximate analyses for the 22.6 metres of continuous coal in each hole show a range of Calorific Values (dry basis) of 18,900 to 23,150 Kj/Kg (8,100 to 10,000 BTU/lb) with an average of approximately 21,000 Kj/Kg (9,200 BTU/lb)." goldsourcemines.com
Regardless the tonnage is so large should race over $100 with additional drill data. Someone already pointed out an historic hole 70 km away.
I realized that in my table I forgot to subtract the Measured from the Indicted and the Measured+Indicated from the Inferred. Here's the corrected table:
Radius (m) Volume (m3) Tonnes $ market $/t Mr Market
Measured 600 70,036,798 92,841,204 $1,619,017,359 $3.38
Indicated 1200 121,156,793 160,606,180 $2,800,741,295 $1.95
Inferred 3600 1,135,900,726 1,505,756,887 $26,258,239,254 $0.21
1,759,204,270 $30,677,997,908
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