RE:Is FracSand A Done Deal or Still Questionable?They also have operations from gravel, lets not forget. ABM (and all companies in the area) have been unlucky with weather this year (flood?). So, at current production of just gravel it's probably fairly valued in the $1.60's, i think that's 7X to 9X earnings.
For the new people:
They have a lot of land, and management has said that they've done their own independent testing and the stuff is there. So it just comes down to that reclamation plan to the gov't. Their phones have been ringing from interested parties. They can truck the silica sand (frac) down to railways and ship. It's a really compelling story, I think they should re-brand, they automatically get ignored and lumped in as a mining stock. which i don't think is really accurate. If they rebranded - could get a higher multiple.