My strategy is that this will be like all coal producers - as...

My strategy is that this will be like all coal producers - as long as you're reasonably confident in met coal prices going forward you would be mad to sell because the P/E ratio is too low.

I have no interest in capital gains from this stock - just dividends.

By my calculations 1 share will generate around $AUD1 per year after tax at the entry level production. I doubt anything will be paid out as a dividend for the first 3 or so years as they will be ramping up production and paying down debt.

So for me this is purely a patience thing. But it will hopefully be rewarded spectacularly.