Just a thoughtUgly ugly day. Yes I wish they would give monthly updates. I suggested that to them, I hope they will take heed. We are a shorters dream. What surprises me is a Indian or who ever, steel company does not take us out. If you use 6 million tons of met coal a year, buying CMK at $3 or $5 a share is a steal, no pun intended. With 200 mil shares at say $3 that is $600 mil, buying met at $275 a ton for 6 mil tons is $1.6 billion. So for the price of less than 4 months coal supply, you could own 60 years worth of coal at a mining cost of $100 a ton. Pay back is one year?????
This is the main reason I will not give up on CMK, it is a steal even at $5. Even if management is non communicative, some steel company has to be eying this company, they are not stupid. Guaranteed $100 coal for 60 years plus a possible iron ore source to boot.
CMK has obviously got us to production, has a port secured and the load out at Jansen, customers should not be a problem. The blue seam is opened up so there has to be someone very interested especially an Indian or Brazilian steel maker. Just too obvious. Could be wrong but that is my logic on this company.GLTA