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 > Train wreck

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Comment by auburn2on May 13, 2022 12:23am

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RE:RE:RE:RE:RE:RE:RE:RE:Train wreck

A company sale should be able to fetch over $2/share if the buyer takes into account the growth project. I figure about C$250 million for the whole thing. The growth projects generate a great deal of NPV for very little upfront capex. Do the math on one with US$28 million capex for 600,000 tons/yr over 10 years. I know these results are disappointing, but there's still a heck of a lot of value here.

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