Ride the Tiger with CD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pocotrader who wrote (124620)	7/21/2008 10:14:08 PM
From: E. Charters	Read Replies (1) of 314001

No. When you find coal it is in round holes only 2 inches in diameter. That is fairly small. <g> What it represents is say an area the size of Montana. Montana is a small state. So relatively small. What can be mined in any one local area if thick enough could be 300 million to 10 billion tons. The mines in Saskatchewan produce from 4 to 7 million tons per year. Mine life is generally around 40 years. The Powder River Basin in Wyoming has about 600 billion tons of coal reserves. A good mine would be one billion tons. About 72 billion dollars if it is good bituminous coal at today's prices. If the average thickness is the same as the PRB in the States, then it would be say 60 feet thick which is 2.5 tons per square foot of surface area. That would be 14 or 15 square miles. A good step out in these circumstances would be 1500 feet or more. Perhaps 3000 feet in the initial probing phase. Variation in the holes due to variations in paleotopography will be extreme. What you will run into is everything from 6 foot intersections to what GSX has found already. I believe that the two separate holes of 1600 metres apart shows that the variance is given between say 6 feet and 100 feet in a mile which sounds normal to me given the average hill and valley domains you see in sedimentary terrane. What the land looked like in those days is roughly like Southern Ontario today. Hills of up to 150 feet with about a 2 mile to 1/2 mile frequency. River valleys and small and large lakes. In the Lakes and valleys you will get the 100 foot stuff and on the ridges not very much. The thrill of GSX is it is bituminous coal, good thickness (in spots), fairly shallow and could be extensive. The best Mannville resource of bituminous coal was found by Luscar in another area and was found to be 1.8 billion tons. That is fair target for GSX. The Rio Tinto group has invested US$379.5 million to increase its coal reserves in the key Powder River Basin (PRB) area of Wyoming. The group won a sealed-bid tender for the North Jacobs Ranch tract, conducted by the US Bureau of Land Management, bidding US$0.706 for each short ton... **************************************

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next