As the coal price continues to decline:, "the downside becomes immense"
In the VERY LONG RUN downside is certain ...... especially if coal pricing and demand decline for many years.
I view WHC (and few other cashed up miners with reduced floats) as triple vaccinated and boosted against big time downside. Billions of young Asians will require and DEMAND cheap affordable energy not on offer by any source except coal.
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