Coal stocks aren't being valued on earnings two/three years from today. Therefore, I can't see how a 10-15c price is achievable in 6-9 months... but... the market can do some funny things. Reading this forum, it looks like a lot of people bought into the hype of Bluff and over estimated the ability of a new player, paid to high a price and now don't want to let it go. I do like this company, but, it's not worth 40c again anytime soon. I'm happy to watch and take my time.
Look again at the numbers in that screen grab I posted above. It uses a PE of 8x... no other coal company trades on such high multiples. Maybe Alpha Metallurgical Resources trades with a five x multiple, but, that's a special case with aggressive buybacks.
@seenitb4 makes a good case with multiples, however, while us$90/t is a reasonable standard to aim for within the industry, its on the low side for BCB. I believe that the company should be able to lower costs, but, there are inherent costs which will make that us$90 cost difficult to achieve, railing, demurrage and port logistics being one of the more difficult challenges. Is that a $34/t railing/port cost? There's no spare capacity on the peak downs rail line and the distal ports are obviously more expensive to use. The challenge of building and retaining a skilled workforce will also be a drag on costs.
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Last
3.8¢ |
Change
-0.005(11.6%) |
Mkt cap ! $108.2M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 3.7¢ | $215.2K | 5.485M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 122288 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 3203 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 142211 | 0.038 |
3 | 230991 | 0.037 |
1 | 83333 | 0.036 |
4 | 1533571 | 0.035 |
1 | 15000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 19912 | 1 |
0.036 | 15000 | 1 |
0.038 | 100000 | 2 |
0.039 | 3203 | 1 |
0.040 | 980079 | 1 |
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