Total Coal reserve in SITU - 115 Million tons minimum
Average CV in the Raw is 24
Rail sidings are within the vicinity-5 km and 20km from the mine. Contracts available include Eskom, mining and a renewed mining right for the next 10 years
The figures above are minimum conservative estimates at this time and must be seen as an indication and will be verified against the SAMREC reports and mining rights which are available. More boreholes can still be drilled on the rest of the farm to determine more coal.
A detailed list of all the assets belonging to the mine and all relevant information will be provided if the offer of purchase is accepted and financial capability has been demonstrated and verified.
For the 60% ownership, the asking price is $55 mil, negotiable.
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