StockGuru Blog: KAL Energy Inc. How to Estimate Coal Reserves: Solve for “X”
KAL Energy Inc. (OTCBB: KALG) Stock Guru Profile KAL discovered a new coal seam. The classic definition of a coal seam is: a stratum of ore or coal thick enough to be mined with profit. The new coal seam was discovered during the company’s $2 million drill program. The new seam is approximately 1.5 meters thick, with the extent and quality to be determined by further drilling. How Coal is Measured First an evaluation of the extent and thickness of a coal seam in order to calculate its contents by weight. Coal varies in specific gravity, from about 1.25 to…