why its going up

Every insto that has seen this has been gobsmacked. On the first of three collieries to be built in Mozambique, producing 4 million ton of thermal for the power plant and 3 million ton of coking coal for export, they should make $250 mill per annum on conservative sales figures, much less than the current spot prices. They expect to end up with three collieries which would put them on a PE of about 0.6X at the current market cap. Wiith minimal dilution and trading in 2012 on a PE of 10X it is reasonable to think that by then the stock could be 10 to 15 times it's current market cap by then. This is why there's fresh buying every time an insto sees a road show or sits bown with the company and this is why it will keep on going up for some time.