SMITH HOLLOW
(PERMIT 861-0562 IN REVIEW)
• Location: Knox County, Kentucky near Jct. of KY Rt. 459 and KY Rt. 6
• Total Reserve: Approximately 780,000 tons of recoverable coal
• Life Span of Project: 32 months @ 20,000 tons per month
• Start Date: April 1, 2022
• Project Status: Permit 861-0562 in review
• Condition of Mine Site: Pre-law benches over entire permit area, permit in technical
review. Highwall Miner or Highwall mining
• Projected Profit Per Ton: $22.41/ton on average
• Next Steps: Build roads, clear ponds, HW mobilization, royalties, engineering fees
and admin. Estimated at $350,000 and 30 days to completion
MOUNTAIN ASH
(PERMIT 918-0505 IN REVIEW)
• Location: Whitley County, KY 6 miles south of Williamsburg, KY off Rt. 25
• Total Reserve: 3.5 million tons as listed by 3rd party engineering company
• Life Span of Project: 117 months @ 30,000 tons per month
• Start Date: September 1, 2022
• Project Status: Permit application in review
• Condition of Mine Site: Pre-law bench area for HW mining
• Profit Per Ton: $60.23/ton based upon current prices and cost estimates
• Next Steps: Drilling & sampling, building roads, permits, HW mobilization and G&A.
Estimated at $500,000 and 60 days to completion
HELTON BRANCH
(PERMIT 861-0564 IN REVIEW)
• Location: Jct KY Rt. 6 and KY Rt. 459 in Knox County, KY
• Total Reserve: 200000 tons
• Life Span of Project: 20 months @ 10,000 tons per month
• Start Date: March 1, 2022
• Project Status: Permit in review status
• Condition of Mine Site: Pre-law bench with existing roads
• Profit Per Ton: $42.36/ton based upon current prices and cost estimates
• Next Steps: Similar to Swan Pond. Estimated at $250,000
BEAR HOLLOW
• Location: Whitley County, KY off of KY Rt. 511
• Total Reserve: 700,000 tons of coal
• Life Span of Project: 4 years @ 15,000 tons per month
• Start Date: June 1, 2022
• Project Status: Permit application not submitted pending drilling results for coal quality
• Condition of Mine Site: Pre-law benches
• Profit Per Ton: 57.64/ton based upon current prices and cost estimates
• Next Steps: Drilling &sampling, build roads, clear ponds and HW mobilization
• Estimated at $250,000 and 30 days to completion
HORSE HOLLOW
• Location: Adjacent to KY Rt. 229 in Knox County, Kentucky
• Total Reserve: Initial exploration indicates more than 200000 tons of coal present
• Life Span of Project: 20 months at 10,000 tons per month
• Start Date: August 1, 2022
• Project Status: Permit application not submitted pending drilling results for coal quality
• Condition of Mine Site: Undisturbed ground, no previous mining
• Profit Per Ton: 20.86/ton based upon current prices and cost estimates
• Next Steps: Drilling & sampling, build roads, clear ponds
50-Year High In Central Bank Gold Purchases
Strengths The best performing metal this week was palladium, up 2.04 percent as hedge funds increased their net-long position in the futures market to a five-week high. Gold traders and analysts are mostly bullish going into next week in the Bloomberg survey amid mixed signals over progress in the U.S.- [...]
Markets Bet That Gold Could Triple to $4,000
November 27, 2019, 10:32 AM PST Updated on November 27, 2019, 4:00 PM PST The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record. Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder [...]
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