Homeland expects about 90 dollars/st from Appolo's four CAPP mines

摘要

Homeland Energy said last week that an independent report confirms what the Canadian company was expecting through its acquisition of Central Appalachian coal miner Appolo Fuels: saleable reserves of 45 million short tons at an estimated long-term price of 90 dollars/st. The technical report - prepared by Norwest Corp. as part of Homeland's due diligence in acquiring Appolo and its marketing arm, Diversified Energy - also values the properties at 353 million dollars, much more than the 105 million dollars purchase price.