IMO The 3c valuation has more to do with the mountains of debt...

IMO The 3c valuation has more to do with the mountains of debt the company has, regardless of coal shipping... 33M market cap but sitting on 66M of debt! A lot of the debt is maturing and is payable so clearly there are doubt as to whether GUF can pay, or if holders are looking at another capital raising to get through to a complete transition to miner/producer.

The future of GUF will be determined by its ability to pay down debt and how quickly they can do it... In the mean time lets hope they get a few more supply contracts signed.