i have said it beforeIf we get managements guidance of 4 to 6 million us (5.5 to 8.4 cdn) we are trading at between 1.3 and 2 times earnings. With the NCIN set to reduce to float drastically(18% in two years), and Chris Cline's reputation of delivering on his projects we are sitting pretty.
I think what no one is looking at is the mega up side that could happen. Since Cline can mine for 22 dollars fob coal plants in Illinois there is no reason why he can't do the same in the geologically similiar donkin deposit.
The difference being our 75% semi hard coking coal is now in firm demand in Europe and elsewhere due to much higher cost mines shutting down we are going to be looking at 160 dollar coal before too much longer. Maybe 6 million tonnes of it. 3% of that is 60 cents a share per year right now. Not that it will surely happen but that makes us an easy 10 bagger from here with almost no downside. Throw in extremely competent management, no debt, and who knows what other rev streams we can come up with. I be here for the long haul.