One other thing, 1,300 acres isn't shit in mining. that's not even a good size mine. If I was told that someone owned 30 separate properties and had leases on 1,300 additional acres. I'd just assume that they had a dozen or more "dog holes."
"dog holes" are mining companies that do not usually comply with federal regulation and who frequently get employees hurt or killed. The company that I worked for when I got hurt, controlled around 800,00 acres. FYI they were considered a "small company" The mine I worked at had active works that covered over 25,000 acres. That was 1 (one), 2 (two) section mine.
Let me address something else if I could, the extraction of methane gas is rarely done in the coal fields for a profit making venture. Methane or CH4 is a volatile gas that can explode when ignited by a spark or flame. In the coal fields of Kentucky, Virginia, and West Virginia either one thing or the other is done. Drill a gas well or mine the coal. If you lived around these mountains like I do, you'd see what I'm talking about. I'd be awful careful using Tod C's research to make an investment decision if I were you.
Tod C, I welcome you to question anything that I have said as being untruthful. You probably have no better sense than to think what you were told by the company is the facts. I don't blame you for that. Like I said in my previous post, many, many, have come to these hills with stars in their eyes, seeking their fortune. 99.9% of them end up having to borrow money for a bus ticket back home.
Regards, and good luck,
Lonnie |
