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Approximately 1.5 metric tons of metallurgical coal are required to produce 1 metric ton (1,000 kilograms) of coke. A blast furnace is fed with coke, iron ore and fluxes, and hot air is blown into the mixture. Air causes the coke to burn, raising temperatures to 1,700 degrees Celsius, which oxidizes impurities.
Other than to let the flippers out from the placing for their 10-20%.
I think what a lot of you may be missing is this THR is saddled with many duff prospects that Mick bought to keep him in the lifestyle company mode. Raise, drill, raise, drill ... IMO. So the current board have a tough job. Or they need to buy a decent prospect.
I think a 0.5p placing would be too generous. Probably less than that if it is a placing. Then the same old questions, why didn't they raise earlier when SP has a lot higher, and so on and so on. At least it wont be 2.5 billion @ 0.002p; Like before. We could be on for anther consolidation soon as well. Rinse and repeat!!!!!
I think THR is a dud. Always lots going on behind the scenes but not to the benefit of the investor. Placings and drilling, is all we seem to do. Then move onto the next project. Nothing comes to fruition. Been going on for ages.