Hi Rich,
I share your pain as well and believe we should be in the range of 7-8c right now and hitting 10c+ if deals can be signed. If we were in a more bullish market right now perhaps we would be? There are plenty of companies in this seemingly undervalued position due to the bear sentiment.
But again there are so many unknowns with CCC right now which we've all covered off and as these come through will start de-risking this stock. Some of these are:
The current deals and financing
Management style and credibility
Coal quality
Rail allocations
Profitability
I think some of us are expecting this to be on a multiple self calculated PE already based on revenues etc but i think we over a year away from seeing this getting a significant re-rating. Certainly a rating toward a market of $250 million+
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