Interesting reads about BHP etcThat is why I am so bullish on CMK, even with the delays etc. There is a shortage of met coal PERIOD! We have 400 million tons of RECOVERABLE met coal. That would run most steel mills for 50 years!! It has been good no one has made a pass at us in these shatty markets. I would hate to see us go at $4 when we should really be at bought out at $12 plus. I hope we get the rail spur done with our latest infusion of cash. The continuous miners and support equipment cost $11 million each so that eats up money quick. To think we gave up Lossan for 4 machines, makes my blood curdle, but hopefully this brings us to full production so we can get some finalization on some contracts.
It just amazes me some steel company doesnt buy us out before BHP or Xastra does and then they have to pay trough the nose for their coal. Patience and accumulation. JMHO