RE: RE: RE: RE: Once in a lifetimeWow, AuntSally ... you SORT OF agree with me? Amazing. One thing I don't agree with though - don't think it will take "years" for the s/p to go up where you may have averaged for NAG. What's the highest for NAG? .65 if you just bought and didn't buy no more. I'm hoping we break that by end of first quarter after NAG has started strip mining and generated good income and hopefully the markets stabilize.
Still, you may be right too Sally - this market is just so F#$ up!! If the price of coal keeps dropping, so will NAG IMO. You can only start mining and make $$$$ if the price of coal is high enough to cover expenses and make profit.
Anyone know what the cost of production per ton is and what the coal price is? HHappy?