Not for the faint of heartThis stock is certainly not for the faint of heart. Who knows where the bottom will be in this market. But if mgmt can deliver on it's projections, this is going much higher. NPV and IRR look great at $165.00/coal what about at $200/coal, (fantastic)
Can anyone out there provide feedback on the following.
Western Coal sold for $3.4 billion, have approx 550 million tonnes of coal( not all met coal). It seems to me that this compares favourable to CMK - it has 315 million tonnes of coal (proven and indicated) and right now our market cap is $585 million approx. Would you not think that a buyout would be around $1.5 billion.
Of course, the total resource figures are not proven.