RE:RE:SunrunnerYes he is getting our 25% for 5.5 million, but we are getting about a 3% net return. If you take the average of 3.5 million tonnes a year ( 2million at 2% and 1.5 million at 4%) in 5 years with Met Coal prices at $140(which covers the cost of 80% of producers) and thermal coal at $90 we are making roughly 3% of 450 million which is 13 million dollars a year. That would put our market cap at 130 million with 10 times earnings. That would be a 2 dollar share price. Would explain why he bought some for 30 cents.
At 10 million tonnes a year- and don't laugh because 10 million tonnes for Cline is not that much- we would get 3 times that or 39 million dollars at 140 met coal. Market cap of 400 million at 10 times earnings or 8 dollars a share.
In the meantime we have no dilution risk which was pretty substantial, and we have the ability to get something else at a ridiculous cheap all time low. 30 cents is what he paid and he is no dummy.