RE: RE: RE: RE: The millionaire farmer You don't THINK there is anything wrong with the coal? But you don't really know? Let's say little coal nuggets just walked to the surface...no mining involved. They still have to be piled, washed, piled, loaded to trucks, piled at coal loadout, loaded to train, piled at port, loaded to barge, piled in China, loaded to trains, piled at mill....before Cline makes a dime...and I didn't even mention washing 50% of the rock from the coal that walks to the surface plus the handling costs of the refuse. Now add the tough job of actually safely mining the coal since it doesn't walk and you SHOULD be able to see the problem...they were ALWAYS mining INVESTORITE at New Elk...
Priveious coal was Allen seam and easy stuff is GONE...what's left is tough mining. BATES portal is Blue seam which is garbage coal...why Bates would name a poor coal seam portal after himself is just amazing...or maybe not cause this is likely what added to the demise of this company. No one in their right mind would buy this ?mine? without a years worth of sales data, production cost data, etc. etc.etc. Maybe at 2 cents a share, some poor soul will offer 1 cent...