Coal is unfashionable. Coal miner with historic problems like...

Coal is unfashionable. Coal miner with historic problems like BCB a bit of a shag on a rock, why it is so cheap. But of such things the biggest bargains can be made of.
I'm not an expert miner, but not too bad at cost accounting, management and economics. Buy when others are afraid...tick,but only after you have done careful due diligence. Tick.
The geography of coal is not known by many. This is a field of interest of mine. There aren't a lot of places with high grade coking coal which is exportable. It has to be within an economic distance of ports. The Bowen Basin is the Numero Uno of seaborne coking coal sources. Close to the worlds biggest market-East Asia. BCB looks to be the cheapest entry into this business in the Bowen. So many buy BHP but they are making some bad moves selling good high paying coal mines, and their nickel business is in the doghouse. Using coal (lignite) it is quite possible to generate electricity for 1 cent a Kwh. What are we paying now? Here? About a. 37c a Kwh and rising. Economics will be decisive. Those who use coal will be likely the winners, and those who go the other way will be the losers.
Getting through the early growth phase by a new miner especially with greedy incompetents in the government in Qld, is a battle, with a bank capital strike, for coal miners. This means, if survive, will have less competition and prices are likely to rise to a higher level.
Holders will see the quarterly about Friday, and all I basically want is for the hurdles set jumped over. With my calculations, it looks likely, but I have little information on the availability of trains and shipping in the quarter. We shall soon see.