KEY #2 HUGE CLAIM $300,000,000 REVS OVER 10YR 

The Owsley property comprises approx. 1000 acres of fee surface and coal rights, and has a mine plan in place and a phase 1 permit technically approved by the Kentucky Department of Natural Resources. The permit may be activated by posting the required reclamation bonds and liability insurance. The coal quality is excellent thermal coal, used primarily for generation of electricity. 

The recoverable thermal coal resource on the Owsley project is in excess of 5.7 million tons. 3.5 million tons are recoverable with surface and highwall mining, and an additional 2.2 million tons are recoverable by underground deep mining. 

Owsley resources have a sales value in excess of $300 million over 10 years of planned production. 
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