Coal stocks aren't being valued on earnings two/three years from today. Therefore, I can't see how a 10-15c price is achievable in 6-9 months... but... the market can do some funny things. Reading this forum, it looks like a lot of people bought into the hype of Bluff and over estimated the ability of a new player, paid to high a price and now don't want to let it go. I do like this company, but, it's not worth 40c again anytime soon. I'm happy to watch and take my time.
Look again at the numbers in that screen grab I posted above. It uses a PE of 8x... no other coal company trades on such high multiples. Maybe Alpha Metallurgical Resources trades with a five x multiple, but, that's a special case with aggressive buybacks.
@seenitb4 makes a good case with multiples, however, while us$90/t is a reasonable standard to aim for within the industry, its on the low side for BCB. I believe that the company should be able to lower costs, but, there are inherent costs which will make that us$90 cost difficult to achieve, railing, demurrage and port logistics being one of the more difficult challenges. Is that a $34/t railing/port cost? There's no spare capacity on the peak downs rail line and the distal ports are obviously more expensive to use. The challenge of building and retaining a skilled workforce will also be a drag on costs.
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $34.19M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.1¢ | $772.1K | 64.72M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1868734 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2629013 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1981563 | 0.011 |
47 | 13801841 | 0.010 |
12 | 8457525 | 0.009 |
6 | 2406000 | 0.008 |
2 | 550000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 2616322 | 11 |
0.013 | 2846372 | 13 |
0.014 | 1697001 | 5 |
0.015 | 1588280 | 9 |
0.016 | 2579635 | 8 |
Last trade - 14.43pm 06/09/2024 (20 minute delay) ? |
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