Liberty's tenements are downdip from areas where Linc and Carbon Energy are planning UCG. Coal would be way too deep to mine. O.K., should not have mentioned the Linc deal, as this is not directly comparable.
But really, I cannot understand a 97% discount for coal properties between September 2008 and now. Maybe the discount is related to the UCG vs CSG rights problem? But I believe that was known back in September. I would think the CSG rights holders would have paid more than this $300,000 just to have undisputed rights to the tenements.
CXY Price at posting:
6.4¢ Sentiment: LT Buy Disclosure: Not Held
