So am I right in saying that this company which has begun mining and selling coal...on take or pay contracts....,........ talking of possible exports....... & a potential coal deal for a mine mouth power station......... only has a market capitalisation of $6Mil?
Trying to hit the magic 1Mil number.
Hmmm
I think Graeme has big dreams. I think he started this company, not to remain small but to reinvest and grow bigger and bigger revenue. I think if we can export more, the management then need to sell it hard to the government that this is a revenue stream for them. All they have to do is allow a mine, collect cash.
Larger revenue is a win for everyone including the Tanzanian government (without hiking more taxes)
We'll see.
IEC Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held