RE: Thar23 May 2026 12:07
Been using AI to run projections quite a lot over the last 12 months and the figures change a lot if you add Thar to the mix.
For just Northern Zone it puts the sp at 0.08 to 0.12 after the ML, 0.25 to 0.30 on first dig and 0.75 to 1.10 on first pour. This rises to 1.10 to 1.40 as income starts coming in. 1p by end of this year is perfectly feasible.
Add in Thar and it jumps to 3.50 as soon as shovel hits coal. This rises dramatically as soon as sales go through, with over 10p likely as there are also Coal to Gas and Fertiliser sales.
Thar would require PowerChina (or similar) to throw a couple hundred million £s into the pot. Thar is a recognised Tier 1 assett, so it has the status, if it can get the government-backed guarantees for tariffs. Just like Northern Zone, Thar would be an open-pit mine, so fast to set up once the Rail-line is in. 6 to 12 months is possible once any agreements have been put in place. The Gas and Fertiliser would take longer, as there are physical build required.