Update for coal mines A, B, C, & D
By Certified Engineering Group
Data Tons in reserve Recoverable tons Price
“A” 18 million 9 million 18 million dollars
“B” 10 million 5 million 14 million dollars
“C” 20 million 10 million 22 million dollars
“D” 6 million 3.6 million 3 million dollars
Total 54 million 27.6 million 57 million dollars
“A” 700 acres land & mineral: core drilled & proven reserve, 100 acres permitted & bonded for stripping & augur mining, coal seams hazard # 5, 6,7,8,9 & 10: also additional“two" one thousand acre tracts of same coal seams; all 2700 acres is a fee simple purchase
“B” 800 acres fee simple property with operating deep mine: core drilled, permitted & bonded on compliance & met coal; coal being mined is from the Elkhorn Seams, with the equipment for underground mining & support equipment .mining 10,000 tons @ month this is a cash flow project
“C” 700 acres fee simple property: core drilled & proven reserve, coal seams are blue gem 40 inches thick also the hazard #4, 5, 6,7,8,9 &10. not permitted; additional 1500 acres of fee simple property
“D” 200 acres fee simple property of blue gem coal 24 inches with 30 feet of cover core drilled & proven reserve @ this time is not permitted
Total price: fifty seven (57) million dollars for fifty nine (5900) hundred acres of fee simple (land & minerals) property
We are dealing direct with the owners of these projects
The following is the only way that these projects can & will be separated.
The owners / sellers will accept a payment of thirty two (32) million dollars for thirty five (35) hundred acres of fee simple property in items “A” with a 100 acre permit & bonding in place and “B" with a permitted & bonded underground mining operation.
Owners are asking five (5) million dollars good faith money for item's "c & d” that includes twenty four (24) hundred acres of fee simple property for a twelve (12) month option non refundable if purchase is not done within said option period; if option is executed within said time period then good faith money amount applies to purchase amount of twenty five (25) million dollars for said property.
Contact : Mr. Shen Linchang
Email: law@fdi-law.com
Download the Summary
|