RE: RE: RE: RE: RE: miners underground - Next NEWSThe stock is worth $4 minimum easily if you run some quick numbers.
2011
1.3MM tonnes of clean coke
current spot price of US$240/tonne
less: operating cost of US$160/tonne (will come down as they ramp up to 3MM tonnes)
EBITDA = US$104MM
Trading at around 2.7x EV/EBITDA (comps are at 4.5-5.5x)