VSUT: Some points to consider about VSUS Technolog

VSUT: Some points to consider about VSUS Technologies

• VSUS owns 100% of La Tabaquera mine in Colombia with an estimated 17 Million tonnes of reserves, 70% metallurgical and 30% thermal coal. Appraised Value: $70 Million, taking into account a maximum of 70% exploitablity, $49 Million
• The Company signed an LOI to purchase the neighboring property with expected reserves of over 100 Million tonnes
• Brazilian miner Vale SA, the cheapest of the world’s 15 biggest miners relative to earnings, recently agreed to sell its thermal coal assets in Colombia for $407 Million to a unit of Colombian Natural Resources, a mining company controlled by the U.S. Investment Bank, Goldman Sachs (see here )