Caan purchased the Stokes Mine for $60 million.The mine was estimated to contain 6 million tons of anthracite coal and to have a residual value of $12 million.During the first year of mining operations of the Stokes Mine,800,000 tons of anthracite were mined of which 600,000 tons was sold.

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The Answer of Caan purchased the Stokes Mine for $60 million.The mine was estimated to contain 6 million tons of anthracite coal and to have a residual value of $12 million.During the first year of mining operations of the Stokes Mine,800,000 tons of anthracite were mined of which 600,000 tons was sold.

Caan Purchased the Stokes Mine for $60 Million