In 2009 it went down to similar lower prices (26 or 28 cents)...

In 2009 it went down to similar lower prices (26 or 28 cents) and then it rebound back to 60-90 cents within 12-18 months. This time around the prices have gone down on the back of external factors like carbon tax scare and global meltdown. But most people have ignored the fundamental strength of the company. The company has premium hard coking coal mines in Illawarra with more than 650 million tonne of resources which at the minimum even at exploration stage would be valued at $3 to $10 per tonne giving a valuation range of $1.8 billion to 6 billion, while this one is a mine in production with active cash flows. It is the only standlone hard coking coal producer. It employs over 600 people in direct full time employment and enjoys a very strong local community support. The new long wall in its mine ready to start this year will take this into a different space. Here is a real chance to mint money, do your research and ask the right questions instead of going by the market sentiment which forces people to loose money by forcing them to sell in a bad market and encouraging to buy when the prices are high. See bigger institutions holding and increasing their holding consistently as well as management buying continuously.