General Discussion, page-10

"Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected." [George Soros]

1. Ask yourself: what is priced in? The big money was made by those who invested in the current favorites - WHC, AMR, and SMR - early on when uncertainty was high, not by those who bought in over the last two years when success became obvious. Right now, nobody seems interested in BCB; the shares are priced at option value. If BCB survives (and there's a good chance it will), it's easy to imagine a 10x return from here.
2. Coal miners are heavily leveraged on price. I’m not sure people would still feel comfortable with their SMR and WHC shares after a few quarters of depressed coal prices, especially the newcomers who recently entered the sector.
3. Operating BCB's one active pit is as straightforward as it gets: a shallow open pit. The company has the potential to become a cash cow; it just needs better execution.