CEC is Targetting Met Coal mokita... Yes there is a move away from thermal coal, as there's a move from gas engines to electric motor.
When that happens and all thermal and gas powered engines are phased out, you can talk.
Things take time, and as per the Feasibility Study, if we have to keep going ther, Compliance will be producing 88% Met coal and 12% Thermal coal.
Keep looking for holes mokita, but the fact is that if/when CEC get an EA permit, the stock price should be valued accordingly. Right now CEC is still trading near cash value.