coking coal back to $300Lets say 1.5 times earnings... =)
https://www.businessinsider.com/chart-the-spectacular-surge-in-coking-coal-prices-caused-by-cyclone-debbie-2017-4
https://www.mining.com/coking-coal-price-soars-past-300/
At any rate every time there is a weakness in this stock management turns it into a strength as in less shares OS. If we reduced the float to 48 million like we can according to NCIB it would be like adding a milllion dollars a year of revenue or 2 cents per share at 130 dollar coal. At 250 dollar coal it would be 4 cents. Just the added revenue from 1 years NCIB. If we did that for 5 years it would increase revenue from 10 cents to 20 cents a share. Just the added revenue from the NCIB.