Bathurst is a coking coal company who have survived against considerable odds.
You say that you hold the stock, so what exactly do you propose they do ? Become a copper or base metal producer (which they know nothing about). Or sit around and hope that NZ becomes environmentally unfriendly ?
Bathurst know about developing and mining coking coal. Seems to me logical that they then apply that expertise to develop and mine a very low cost coking coal project, in a secure, first world, mining-friendly jurisdiction, and take their chances on global coking coal prices.
BRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
