Yeah, 2.7 billion shares at $1 would capitalise it at 2.7 billion $. Production will be nowhere near enough to support this for a long time. That even assuming attractive prices, not a given, it is a very cyclical industry.
Steaming coal prices are back down in the lower range, again now, so should not be expecting very good prices for half the saleable output, but better end metallurgical, good right now, but down a bit from the peak.
Ann: Trading Halt, page-84
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