Cormark cormark have come out with a new report.
price target is now $4, no longer a speculative buy. it is now rated as a 'buy'.
from the details of the report it looks like cormark has really done their due dillegence.
if i remember correctly they are saying that 6 continuous miners are now in seams and that even without longwall approval cline has the capabilitiy to adjust the mining plan to reach around 4million tons a year. they have stated that this is one of the few remaining M&A targets out there.
also they said that because of the composition of their coal they expect it to be in very high demand from steelmakers due to its ability to be blended.
don't have the report to post as it was read to me. i think i have stated the highlights of the report as accurately as possible.