VSUT~signs Letter of Intent,Feb 02, 2012 (PR Newsw
Post# of 151
VSUT~ signs Letter of Intent, Feb 02, 2012 (PR Newswire), to acquire 390 HA metallurgical coal concession in
Columbia with an expected 70 - 100mm metric ton of reserves. Company President John Campo states the Columbian assests
have been Professionally Appraised and valued at $1 share. A substantial reduction in shares earlier this year was
for the purpose of building shareholder confidence and projected explosive growth in the MetCoal sector.
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Newcastle metallurgical coal prices for coking Coal US $235 per ton for Jan 2012 contracts
Columbian aquisition deal alone is Appraised at a value $1 per share!
Pres. Mr. John P. Campo - Contact No. (410) 236-8200
( Maintains full and complete transparency )
- Website
www.vsustechnologies.com
Share Structure: Outstanding Shares 47m - Authorized Shares 100m - Float 370k - 550K
http://stockcharts.com/c-sc/sc?s=VSUT&p=d...7970548896
- Colombia Coal Sector
According to the World Energy Council, Colombia had 6,814 million short tons (MMst) of recoverable coal reserves in 2007, consisting largely of bituminous coal and a small amount of metallurgical coal. The country has the second-largest coal reserves in South America, slightly behind Brazil. Colombia 's coal is relatively clean-burning, with a sulfur content of less than 1 percent. Over the past decade, production has more than doubled, reaching 86.7 MMst in 2008. Co lombia' s coal consumption was only 5.2 MMst in 2008, leaving most of the country's production available for export; in 2008, Colombia was the fourth-largest net coal exporter in the world .
The company has recently positioned itself for Worldwide growth in the explosive MetCoal production sector
| 10-Q Oct 31, 2005 Price: $776 Aug 31, 2006 Price: $67 |
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