StockGuru Alert: StockGuru Announces Coverage of KAL Energy Inc. (OTCBB: KALG)
StockGuru Announces Coverage of KAL Energy Inc. (OTCBB: KALG) KAL Energy Inc. (OTCBB: KALG) KAL Energy Inc. (OTCBB: KALG), through its wholly owned subsidiary Thatcher Mining Pte., has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. This region has been…