RE: Support ACI and ANR is currently producing 160 million tons yearly combined. They can be boughti out with a total market cap of 1.5 billion and 2 billion each.
Why would someone invest in CMK which may never produced the same tonnage as these players.
No they are taking about longwall mining which at min will need 150 million capital plus long steady development drivage for the panels.
I beleive that the decision when made by managemen may be put the mine under care and mtc. to conserve cash
Layoffs may be coming
This sp may easily hit 20 cents