If management confirms that Lochinvar coking coal project is being started up again then there should be a big rerate. This is one of the big triggers we are waiting for. I suspect that the quarterly report by Friday will confirm this.
Look at AKM at $35m market cap just because they are working on their coking coal project. Currently plan to move from inferred to indicated. So no more advanced than us,
and here we are on $6.4m market cap with $2.5m in cash and receivables. So an EV of $3.9m!
Ann: Lochinvar Scoping Study Update, page-84
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