The prodctn figure of 2-4 mill tons is after getting 2 longwalls in place. Wont happen overnite since there would b safety issues. However the safer option is to drill the holes, define the resource.
20 years after the MM mine was shutdown I'd say the coal's still there, although it will take them some time to get it & thats where the management comes in. I read Ian Kraemer's CV last nite & its quite impressive. No doubt he would b as keen to get this off the ground by doing the right things to start with. One to hold as I believe they will deliver considering current coal prices & ongoing demand for it.
MNM Price at posting:
0.0¢ Sentiment: None Disclosure: Held