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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (60070)6/21/2008 8:35:30 AM
From: AuBug  Read Replies (1) | Respond to of 78410
 
What do you think GXS.v's coal in the ground is worth? I found this list: eia.doe.gov which states that in their latest data in 2006 it was $10.26/st. Which doesn't jive with their other web page: eia.doe.gov that says average underground price for coal in 1996 was $38.28/st. But, that probably includes all grades of coal lumped together.



To: E. Charters who wrote (60070)6/21/2008 8:50:22 AM
From: AuBug  Read Replies (2) | Respond to of 78410
 
I found more current data: eia.doe.gov

I took the data and plotted $/st vs Btu/st and did a linear regression giving me the equation:

$/st = 0.0238*Btu/st - 203.14 with R^2 = 0.8327

Using GX.v's average of 9,200 Btu/st in the 22.6 m thick seam yields a market price of $15.82.

biz.yahoo.com

So, what's Mr Market say it's worth in the ground?


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