Posted On: 01/22/2014 1:40:11 PM
Post# of 44955
$SUBB ~ Lota Bay is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The project is considered to be advanced in nature, as a resource has already been outlined and its history is well known and understood. Recovery and commercial exploitation of the coal deposit is straight forward and requires minimal investment by the Company to get it to the stage where recovery equipment and infrastructure can be mobilized and put in place.
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