$LBTG .0005 Super DD Undervalued Coal Miners Dream
Post# of 63663
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1. Fully Reported OTCQB
2. O/S 116,000,000
3. Float 90-100,000,000
4. A/S 1,500,000,000
5. Par Value .001
7. Market Cap $55,000
8. 52 Week High $0.0975
9. 3 Year High $1.00+
10. Huge Accumulation, Chart is Primed > > http://scharts.co/1eNBLLB
11. $400,000 in Assets vs $400,000 Liabilities
Coal Reserves (Mineable Coal)
2 Huge Claims with OVER 125,000,000 Tons Valued @ $11,000,000,000 with current prices at approximately $90.00/Ton....
Liberty has closed an equity placement of $9,196,500.00 (Nine million, One Hundred Ninety Six Thousand, Five Hundred dollars) with 10 institutional accredited investors, through its equity advisor Catwalk Capital, LLC. Ed Morrow, CEO of Liberty Coal Energy had this to say, "This funding provides Liberty Coal the financial capability to complete its plan on the Owsley County, Kentucky coal property and to make additional acquisitions to grow its business plan. We are grateful to Catwalk Capital for their diligence and aid in the acquisition of this capital facility."
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.
Also as of September 2012
The Company has agreed to purchase 1,000 acres of surface property at $600,000 surface mineable coal, (3.6 million tons at $.75/ton), underground coal rights (2.2 million tons at $.20/ton) and the discharge of a first mortgage due a former owner of $150,000 for a total purchase price of $3,890,000. The total is payable through a combination of cash, a promissory note and Liberty Coal common shares.
6,000,000 @ $90.00 is $54,000,000.00
The Potential is Huge
If all the COAL was mined the PPS would easily surpass $1.00, but more realistically Multi Dollars is possible over Long Term.
Key Shares issued 2,000,000 @ .10, Millions of warrents @ .20-.75+
Projects Overview
There are 13 active coal mines in the Wyoming portion of the Powder River Basin, and these mines produced about 496 million short tons as of September 2009. The State of Wyoming received almost $26 million in PILT (payment in lieu of taxes) payments from the sale of coal produced in Wyoming.
Coal mines in the Powder River Basin in Wyoming employed over 6,800 personnel in 2008.
LBTG CLAIMS
http://www.libertycoal.com/ranchester.html
http://www.libertycoal.com/southpowder.html
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