RE: ICG Buyout Moves CMK And GCE UpHi again MetCoalMiner. I am from 2007 with Western Canadian, Grande Cache, Cline, and the one which went to zero which I conveniently forget.
Arch is paying $3.4 billion for 1.0 billion tons of thermal plus or $3.40/ton. Cline's coal ought to be worth more, say $5/ton (at least?). $5 x 315m tons = $1575m. Divide by 180m shares = $8.75/share. Plus a buck for Madagascar and 50c for gold and 75c for Lossan gives $11/share (forgetting the expropriated properties). Is this reasonable for a back of the envelope calculation?