pure heresayCoking coal around 200 Canadian. Coal quality better than expected. Mine ramping up nicely but not without typical start up problems. We will see our royaly cheque in July I am thinking for first quarter. Also if it is export it will be perhaps kicking in final lump sum of 1.5 millon.
Aiming for 8 million a year market cap at 27 million. So we can easily keep buying back 10% of shares for now. Shrink float to 37 million as ramp up to long wall occurs.( 52 less 10% 47 Less 10% 42 less 10% 37 million shares 2021. Revenue 15 to 20 million. 50 cents a share in DIVI.
Pure heresay. What I do know is that Met coal has a very fragile supply demand curve and if India gets rolling on steel price has massive upside. The world going to need a lot of infrastructure for coming green economy.
Long run though.