I would be cautious, they only can dig up 600k tons of coal a...

I would be cautious, they only can dig up 600k tons of coal a year, not nearly enough to get them out of this dog status, in AUS all the mines under 1mil of production went bust when price went down, I don't even think there is any mine currently under 1mil operating here. Also the geology in the area is dogs breakfast - sooo faulted, nothing like I have ever seen before in Australia - drilling has to be very very closely spaced and disruptions in mining have potential to be huge.

Also weather implications - shipping and drilling have to be perfectly timed.

You guys have to have guts to invest in this, I think there is much safer coal plays out there to put the money on without implications stated above.