It is quite real: https://pacificamerican.com.au/steel/ There...

It is quite real:

https://pacificamerican.com.au/steel/

There are also several large companies in the region and producing product. Some have a chequered history, albeit have now cleaned up their act now.

https://www.teck.com/operations/canada/operations/elkview/


This link gives a good summary of the AVM project (listed under "Pacific American Coal") and others in the region: https://elkvalleycoal.com/wp-content/uploads/2017/08/Elk-Valley-Mining-Matrix-2.pdf

It's certainly too big a project of AVM to progress on their own. But it's had lots spent proving out the resource, getting local logistics and support worked out - and now we find coal trading at record high prices globally.

Hopefully the company can work out a way to recover at least some of the costs sunk into the asset.

Meanwhile the other North American ground looks interesting, and we might even see further projects in the portfolio if they are still on the search.