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

To: AuBug who wrote (60087)	6/21/2008 11:20:35 AM
From: E. Charters	Respond to of 78410

A value in the ground today for coal of good thermal quality would appear to be 7 to 8 dollars a ton easily. I am saying this based on gold which can safely be valued at 50 dollars an ounce. The burning question is how many tons. I am prepared to discount a billion tons as there are too many unanswered questions as to the continuity sans no outlying holes. Thickness may go to 3 metres safely and still be a resource, but the variance while seemingly low is not yet totally known. While we have mystery we can only dream in a frustrated way. Coal to Coal Synfuel Plants Coal Prices A mine in USA or Canada is from 300 million to a billion tons. Lotsa bucks in that. While the politicos talk about carbon sequestration we have to accept that the USA used 1 billion tons of coal for electricity in 2007. But power usage is growing. Most coal on long term contracts for power sold for about 48 bucks a ton in the US in 2007. Coal Sources US. Electric Power Consumption of Coal Share of Energy by Sector