The Montana Land Board will discover on Monday whether or not their decision to put a high bonus bid on the Otter Creek coal tracts has discouraged any potential developers.
In December the state put a $143 million up-front price tag on the Otter Creek tracts - which are estimated to hold 572 million tonnes of coal - in order to ensure that the state got the best price for the coal, double what Arch Coal paid for nearby tracts only three month ago.
Bids lodged with the Land Board by Monday will be considered at the board's Feb. 16 meeting.
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