Post by cupricityon Mar 10, 2022 8:20pm
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Post# 34505073
400 and 550
400 and 550Current coal prices are 400 thermal and 550 Met USD delivered to Europe which has a problem the size of Russia with it's energy acquisition. If we reopened in room and pillar which really wouldn't cost very much money, at 3 million tonnes a year at 600 canadian we would net 2.75% of 1.8 billion canadian which is close to 50 million dollars a year. Current market cap is 17 million. So we are trading at .3 times earnings at the flick of a switch. If we traded at 3 times earnings we would be 3 dollars. Level 2 today was completely anemic. Less than 50,000 shares to 50 cents. The weak hands are out. We have a large player who knows what we are worth.
Russia has made the enviros lame for another 5 to 10 years. We will shine very, very soon. And brighter than the smartest could have predicted 5 years ago.