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Maybe we might get an RNS here of a similar line to that just out on GCM, who own a similarly huge coal asset over on the other side of India, in Bangladesh, and who also have a coal to power project that has attracted Chinese interest but which has stalled for year after year.

It appears that the management there still believes their coal project has some life left in it, albeit after they add a little bit of green energy with a solar project. I'm not sure if this lot still has any belief in their project.

One thing is certain, if they don't make any progress now with the current energy crisis then they can surely forget about the project for good - unless that is things get even worse over the next few years!!!

Wow, the pure genius of the idea to sell the whole coal deposit, lock, stock and two smoking barrels, to the Chinese.

That's the best idea I've read on this board in more than ten years.

Especially considering that ORCP would only hold 12% of the coal to fertiliser project, and have to stump up 12% of the cash to get the project underway - if it did ever get underway, which is increasingly doubtful. And that's probably the same for the mine to mouth power project, which is equally unlikely to ever happen, despite the current economic climate as regards energy prices. It's gone from completely mothballed to being chatted about in Govt circles though without any conviction. By the way if there was any conviction it would be getting up and running already.

Selling the whole asset I believe ORCP own 100%. Pure genius!!!

It's interesting to see how quickly things happen when there is a high-grade deposit in question.

3 years from discovery to buy out is very fast and then it was only another 2 years before commercial production.

I thought that the Financial Times might block out the link so here is another one regarding the buy out -

https://www.abc.net.au/news/2015-05-25/sirius-resources-in-wa-set-for-massive-takeover-bid/6495228

Here are a few facts and figures regarding Sirius Resources seeing as PJ has mentioned their spectacular Nova nickel discovery several times.

In July 2012, with a m/cap of AU$7 Million their drill in the Fraser Range, to the south-east of Kalgoorlie in Western Australia, hit 4 metres at over 4.02% nickel and 1.41% copper. This was the Discovery hole and others soon followed. Within a few months the m/cap was AU$530 Million.

This was not a huge low-grade porphyry system with millions of tons of resources but more of a gold vein type discovery. In fact their maiden JORC was only 10.2 million tonnes at 2.4% nickel, 1% copper and 0.08% cobalt - so 242,000 tonnes of nickel, 100,000 tonnes of copper and 7,700 tonnes of cobalt - https://www.proactiveinvestors.com.au/companies/news/144732/sirius-resources-reports-long-awaited-mineral-resource-for-nova-discovery-41034.html

Sirius Resources were bought out in May 2015, less than 3 years after the discovery, for AU$1.8 Billion - https://www.ft.com/content/cc8c559a-02d7-11e5-b31d-00144feabdc0

The discovery has been mined successfully since 2017 with annual production of roughly 30,000 tons nickel, 12,000 tons copper and 1000 tons cobalt - https://www.igo.com.au/site/operations/nova

Of course POW have yet to make a discovery hole but PJ certainly seems to think there is a chance of them hitting the big one here.

ATB

Shame - everyone here is hiding from the truth.

Apart from Expateddie1 - who has managed the grand total of 3 posts in 18 months all on this board. Quite the expert, no doubt.

I have since found that out, by the way, as it clearly didn't look as if there was anyone left here, and no doubt anyone still here would be too disgruntled to be helpful.

"Measured Resource at Block VI, Thar Coalfield, of 1.423 billion tonnes" dated 19th May 2008.

Oh, and that is now fourteen - 14 - years ago. Have they done anything here ever since?? Probably not.

So can it be sold to the Chinese as an asset and if so what would be the value??

Yeah, don't worry about me. Any mention of the coal project and I will be selling my holding and disappearing. Any mention of anything else and I will be well and truly stuck here.

And the share price is going back down now, in case anyone hadn't noticed. Oh but then the placing was at 0.275p so this is no great surprise. I expect it will soon be back down below 0.25p as there is very little to get excited about here - though apparently the Green Hydrogen project may be up and running by 2026/2027.

I seem to remember that the Sheik invested at 0.25p so his investment isn't showing much of a return either. In fact I'm surprised he's still on board the way the management keep bungling everything.

But then if we all keep our fingers crossed there might be some talk of one of the coal projects progressing. Not that anything will ever come of it but it might just be the big chance that I need to offload my holding here. That will make me very happy while the rest of the posters and holders keep dreaming.

There's obviously no one here anyway - and I'm not surprised.

Anyone who believes that this coal project will ever get off the ground is a total dreamer - or else has far too many of these almost worthless shares.

Projects were proposed in 2009, 2010, 2012, 2013, 2015, 2017 and 2019 with numerous MOU's and JDA's and yet not a thing has come from any of them.

For the last few years this project was moth-balled in favour of the climate changers but even now when these alternative renewable sources of power have proved to be costly this project still won't do anything, even with Chinese support. No doubt that will soon change again but what will not change is that this project is dead in the water. Stop dreaming.

And the proceeds would certainly fund the Green Hydrogen project.

The obvious solution to a project that is never going to get started and an asset that has no other value is to sell it lock, stock and barrel.

I bet the Chinese would have the whole deposit stripped and hauled to China in a matter of years.

And the good thing would be that if they did sell the coal asset they could still proceed with the Green Hydrogen. WIN WIN!!!!!

Question please, or rather 2 questions - if there is anyone left here.

1. Are ORCP even allowed to sell the coal deposit (and to a foreign company)?

2. If so how much coal is there and what would the sell price per ton/per asset be?

Because I can tell you now for certain nothing will ever be done with this coal in country, not for power, not for fertiliser and not even by the bag when the local people won't be able to afford anything else to heat their homes.

Cheers in advance, if there really is anyone left here.

Maybe an idea here, and possibly the best result considering the apathy over the years, would be to sell the Thar coal deposit to the Chinese lock stock and barrel. They could then either truck it over the Himalayas to China or transport it to the coast and ship it there.

At least it would be used like that, albeit by the Chinese, and it wouldn't be wasting away any longer.

It's a pity they couldn't extend the aeromagnetics over the Baxters mine as that would have shown the geologists exactly what was going on there and where that extremely high grade copper had come from.

Looking at Fig 3 - Pitfield Aeromagnetics - the highly magnetic anomaly is only a few kilometres from the Baxters copper mine. Just imagine if EEE drilled a hole and found 20%-30% copper!!!!!!!!!!!

I actually bought in for the gold prospects with not a thought of the coal to power or coal to fertiliser projects ever coming good, so that shows just how much has changed over the last year or two. Every time someone used to post that ORCP was all about Thar coal I used to ignore such posts. However that has all completely changed now and the sooner ORCP, the powers that be in the country and the Chinese get back to their plans the better. And the share price would benefit too.

Oh my god, do you see this:

"Lets not forget, Naheed is hoping for production as early as 2026/2027 with a predicted 3 year Build, pace & momentum are 2 words I'd currently associate with this project."

I think that maybe it would be far better to forget all about this Green Hydrogen. 2026/2027 - indeed and I expect the share price by then will still be 0.30p or lower with twice as many shares in issue. Pathetic.