Allegiance Coal ASX:AHQ

By Mark Gordon, Independent Investment Research.

Allegiance Coal is farming into the Telkwa Coal Project located just 375km by rail from the under-utilised Ridley Island Coal Terminal in northwestern British Columbia, Canada. Telkwa, which has Saleable Reserves of 42.5Mt of metallurgical coal, has the potential to produce at FOB costs in the lower 5% of the global sea-borne trade with resultant good returns from the Project. This is by virtue of the low strip ratio and access to infrastructure; the Project has ready access to power and transport, including being just 24km from the Canadian National Rail (“CNR”), which links directly to RICT.

 

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