However, one would have to presume it will be at a price at least double the current share price.
Coking coal will be in demand for years to come. Steel is not being replaced. 20 year mine life with port/rail secured to 5 times the current profit making production.
I still can't belive that this was at 11 cents and currently 14 cents.
COK is going to be in a great position in 2-3 years time and I have no doubt the share price and profitability is going to be a lot higher then...
COK Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held