Corsa Coal Corp V.CSO

Alternate Symbol(s): CRSXF

Steel Steel

Corsa Coal Corp. is a coal mining company. The Company is engaged in the business of mining, processing, and selling metallurgical coal, as well as exploring, acquiring, and developing resource properties that are consistent with its existing coal business. Its core business is supplying metallurgical coal to domestic and international steel and coke producers. The Company's operating division, Northern Appalachia (NAPP). The NAPP Division, based in Somerset, Pennsylvania, United States of America, produces and sells low volatile metallurgical coal used for the production of coke from its mines in the Northern Appalachia coal region of the United States of America. The Company has the operational capacity at its mines to produce over 1.6 million tons of coal per year, with processing capacity at its two operating plants in excess of 4.0 million. The Company also operates preparation plant facilities in Somerset County.

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Corsa Coal Corp > opinions

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Comment by auburn2on Mar 02, 2022 5:52pm

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Post# 34476959

RE:RE:RE:RE:RE:RE:opinions

Says right in their financials the plant and property has a book value of C$154 milllion after impairments, but a cost value of C$403 million. The last figure is about how much it would cost, but in truth it's probably more now as inflation has everything going up in price.

The company should be a great hold over the next few months, with a reasonable $2 near-term target. You don't want to let the volatility take you out of your shares til a reasonable gain is achieved.

I bought TXP recently at $1.50, and it was sold down to $1.44 before moving to $1.68 yesterday. Lots of volatility to get shaken out for those who don't properly know what they own. That's how markets are.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle