The biggest and the best undeveloped coal asset in B.C. is the one that has the feasibility study completed .
Arctos also happens to have completed a successful pilot project which has been distributed to buyers in N.A. ,Europe and Asia. The rail line that Groundhog would be hooked into would be from Arctos ,in other words ,with the permission of the Arctos owner. Here's some stats
Arctos has 125 MT RESERVES Groundhog has 0
Arctos has 107MT measured resource, Groundhog has 0
Arctos has 123MT indicated ,Groundhog has 106MT
Arctos has 359MT inferred,Groundhog has 230MT Arctos will target 2.2 BILLION tonnes, Groundhog 510MT
The Anthracite at Groundhog sounds impressive compared to regular met. coal , but note that it is described as "semi-anthracite"
People have got to get a hold of the fact that assets that are known as RESERVES mean so much more than resources. Development from a BANKABLE FEASIBILITY will;
Start with a Reserve package and as the mine life gets older use that infrastructure to continuously change resource numbers to reserves. That's the plan. Groundhog is 5 years and 100 M away from where Arctos is today and even if successful in raising cash ,drilling and going through feasibility and permits they would be 20% the size of Arctos.
Do you know how many untapped coal resources are in the Appalachia ? Doesn't mean much.