...Global coal production in 2004 was 2.73 billion metric tons. Since the density of coal is roughly 1.3 metric tons per cubic meter,.....
very Optismistist view:
assume area 2 km x 2 sq km x20m depth = 80,000000 x1.3 =~ 100,000,000 ton
assume 100/ton for coal = US10 billion
assume area 3 x3 x20 depth = 180,000,000 x1.3 = 240,000,000
assume 100/ton = 2.4 billion
we have only 17+ 2 million shares outstanding = 19 million shares
19 x12.00= ~ 220 million worth
This coming 2 weeks is very crucial to indentify additional 3 more holes with 20 m coal in depth
Price can shoot up 50 dollars easily once the other three holes
establish ( but very highly speculative )
one or two hour in advance news made people earn a fortune...
last week from 4.00 to today high 14.00 within less than 5 hours working hour..10 dollars difference