GREY:NDXFF - Post by User
Comment by
jimrockfordon May 15, 2010 8:32pm
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Post# 17102988
RE: RE: Coal Pricing
RE: RE: Coal PricingI've heard auger mining is pretty rare around Alabama and the surrounding states. As for the acquisitions, I don't see NDX acquiring operators at all. They'll go for the low-hanging fruit - ie. land-holders or lease-holders who want to make money off their property, but don't have the desire or ability to mine it. These guys usually only require a small amount of money up front and a small piece of the profit. With NDX now being a producer, it makes them a whole lot more attractive to these people.
Jim