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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (120412)	6/25/2008 9:44:21 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 313046

Stole another post from SH.....what do you think of this? _____________________ "Coking coal is metallurgical coal. That's anthracite. GXS has bituminous and sub-bituminous... thermal coal, which is closing in on $150 a tonne. Now THIS is huge... one drill hole is the equivalent of an indicated resource of a 2km diameter circle with 25 metres thickness, solid coal... the specific gravity of coal is 1.3 ... therefore the tonnage inidcated by one drill hole is 1000 meters x 1000 metres (radius squared) x 3.14 x 1.3 x 25 meters, or roughly 100 million tonnes. Drilling 1.6 kilometres apart is normal for coal... they could even drill 2 kilometre spacing... in any case, 1 drill hole is valued at $15 billion. Now THAT is big... But HUGE is the 2 to 4 billion tonne INITIAL target GXS is after.... that is PROFOUND !" stockhouse.com