Paps,
good question:
Firstly, I wouldn't enter until a proper scoping study with washability is released. I cannot make a sensible investment decision without this detail.
Secondly, the region they are located is currently an "up&coming" area for Coal projects, if there is an infrastructure project go-ahead in terms of rail, this stock could spike instantly.
Thirdly, I said looking for an entry, when my price meets its worth, i'll look at entering, not before. Also, being coal background, I look at entering a lot of stocks if they come down to the right place.
As for whether this stock is a dog or not, I'm undecided.
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