That report shows all the reasons I bought in for. However this was before D&C messed things up and the Global Financial Issues.
Used to look rosy for the slurry pipeline and 20Mt-40Mtpa, but from their last set of announcements, that that a massive Capex, and the alternative road haulage options meant cheaper to leave in the ground.
They were going to leave alone and focus on the coal waiting for situations to improve.
Havent heard anything on D&C legal potion for a while.
I still hold, because am hoping over the next five years will bear some fruit, but my average cost on this stock is around $1.60 so some recovery required just to break even.
However i did feel encouraged that they are touting this story again, because hopefully it will happen. but for now, Caveat emptor
SRK Price at posting:
39.5¢ Sentiment: LT Buy Disclosure: Held
