The agenda
in response to
by
posted on
Jan 22, 2011 09:34AM
1.4 billion tonnes of coal need I say more? If so keep on reading.
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If We will sell 50,000 tons of coal a month for Q1 at $15 profit we should easily bank $2M
John expects us to ship our coal to the eastern seaboard where we will profit about $40 a ton starting in Q2 and ramp up production to 100,000 tons a month so from Q2 on we could bank upwards of 12,000,000.
We will further expand production to 2,000,000 tons a year and possibly up to 3,000,000 tons of coal a year when we further ramp up to full production.
Than we will also be viewed as a growth story that is a cash flow cow.
We also have Chandgana that the markets are currently given No value. When we receive the Power Plant Permit all that will change in an instant.
There is so much more good news that will be out in Q1 it could give us the necessary Market Cap to do the IPO in HK and get asian style valuations such as SGQ where we are very very undervalued when compared with our peers. This will also allow us to raise enough money to even further expand production as well as build more the washing plant, rail line as well as have money for Chandgana.
More good news on the way such as assays from Wellgreen, Metallurgy at Lynn Lake, initial off takes for Ulaan Ovoo, and the Feasibility study for Chandgana. Most companies get this much done in a year at best. But this is what John Lee does in 3 months:)