this demonstrates what i have been said all along...market value is market value. the market value of a $100M asset means that someone would be willing to pay $100M for the asset...the $100M is what the un-excavated coal is worth...it would be dishonest and illegal to state that coal in the gorund has a value the same as finished product coal.
<<This low sulfur, low ash content, high BTU, clean burning currently sells for $25-$28 per ton. With cost of mining and transportation estimated at $11-$15 per ton, this will show a $10 per ton conservative net profit, (representing maximum cost to mine and minimum selling price), providing net asset value in excess of $100,000,000, with a potential of $170,000,000. >> |
