Correct, but no one knows what the coal price will do. In other coal stock threads, they were screaming that "$350USD is the new normal!" and "It wont be below $250USD for 3 years!" and now look, not even 6 months later its below $170USD. I'm not saying it wont go back up, but it certainly is a bit of a gamble at this stage.
TER UNDERVALUED FAIR VALUE $1.20, page-646
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