clineWhoever is making the market on this stock is not doing their job by a long shot.
A coal company with over 600 million tons of met coal trades below liquidation value?
315,000 tons of proven met coal in the ground without a permit is $ .20 per ton liquidated
add $ .10 per ton for mine permit
add $ .25 per ton for infrastructure, washplant, coal handling, mining equipment, trackage etc...
add $ .05 for a permitted waste disposal site.
That is $ .60 per ton just for the new elk mine
Surely the other reserves are worth $ 0.05 per ton
In the states, steam coal in the ground without a permit is worth between $ .10 to .75 depending on the quality and how hard it will be to get a permit.
I am not worried about my stock as now that they are in the mine, things will happen fast. Production could be within 4 months.
However, I do not like to see the stock price so low when womething so valuable is on the books.
it is almost like this stock is being held extremely low on purpose by somebody.