I too bought into BLK for the coal. I would guess Scaddan is valued at zero and should remain that way for several years. If you look at the coal-to-liquids or even coal-to-gas projects around the world you can see that there are very few, take 5+ years to get into production and require significant up-front capital. I wouldn't bother considering Scaddan until the coal market picks up again and/or there is some significant increase in coal-to-liquids/gas projects.
BLK Price at posting:
16.0¢ Sentiment: None Disclosure: Held
