trade this to .20$100 million in revenue and 20 million in free cash flow for 2012 from 3 different coal operations in Kentucky - is this reasonable...they did a 10 million covertible at .27 to Mercuria this year - and Salida owns 15 million common - and Juno
https://www.junossc.com/portfolio/index.html owns 16 million - Hand sits on Juno board as well - Scott Hand previous CEO of Inco, and now of Royal Nickel, has been buying down here 850 000 worth last month... 17 million market cap right now - so call it 1x 2012 free cash flow to be safe according to MD&A - should this be updated... lots of shares out hurting this one - but could trade up to .20 or even the convertible .27... do they have enough cash going into production...they have 241 000 000 out right now and 117 000 000 in warrants, 32 mill at .20 and 69 mil at .33, the remaining up to .50, all exercisable out to 2015... the trade is to .20 and that might be all...