guys this is not scientific american journal! well researched facts is not something hc can particularily boast, but its great to see we do have some geniune talent here, guys who have seen it all, technical traders, etc. My background is physics, so i am a numbers man. $2 is a case study not a prediction! IF they can get 4 million tonnes of coal out of the ground per annum is the assumption. The questions are: 1 is it possible 2 will they achieve it.
what i am saying is there may be some urgency to get it out of the ground, rather than hoping for much higher prices in 10 years
/////////// however its basic maths
84 billion dollars in the ground
lets pull a number out of the air 50 cents costs for every dollar of coal extracted
thats still a profit of 42 billion dollars
with a market cap of 28 million
a leverage factor of approx 2000
if they can achieve 1% of that leverage in 3 years thats a 20 bagger
those simple facts tell you this has to go up
director buying, page-24
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024