Gents I can add a bit about Griffin, once they restrucure the workforce and get rid of legacy cheap coal contracts they have a large local power station area to feed as well as a new urea plant. Basicly they are a mirror for RES forced to sell low quality coal for low prices, but with a high cost workforce.
With the resource upgrade, RES has a heap of coal we all know it more upgrades to come, its the distance and infrastructure, along with financing at reasonable terms, that is the current risks, with the railing siding built that will be one more box ticked. I am having less doubts about RES becoming a major coal player, i do think i may be diluted out though. Go RES
RES Price at posting:
51.5¢ Sentiment: None Disclosure: Held