Yeah I'm a glass half full guy but 80% in the red not nice Not a loss until sold/realized but tied up capital painful.
MC just under $10M - I seem to recall they did a heap of work on Groundhog (it's beautiful country up around there but then pivoted away with a new CEO n threw eggs into the Elan basket which has hit a wall of course
There's heaps of anthracite at Groundhog (let alone Panaroma) n an old rail line through the wilderness (granted would take shite loads to get going but the corridor is there) and prelim concept plans of an underground to limit surface impact and they had done a heap of stakeholder FN work n baseline environment work etc etc - coal for steel won't be going away - GH would have to be worth at least $100m alone as of now let alone after some touch up PFS work
My average here is 3.6c (and I didn't partake in the last raise - money better used elsewhere
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