With CKA management who knows what they will say
But if they do say that they will switch to underground mining -- 110% odds that it will crash the stock down to 2-3 cents. So they will not say that.
Most likely they will say that they will open up a new underground mining operation blah blah....and in reality they probably will gradually shift to full under ground mining without really saying that ....
but then...where is the money? They dont have the money to keep open pit in place....under ground will be so much more expensive...
their open pit operations is already costing them $150-160/t and their realization at $210 Met coal price today is exactly $160-165/t -- after paying Eddie's royalty theft... so quiet literally they are selling those tonnes at no profit today. BBM is already a loss making mine
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1 | 100000 | 0.074 |
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