Personally disagree with the "slip sliding" remark. Time delays mean just that. Times delays happen in business as normal.
From the prospectus -
"The Directors believe the mine will produce approximately 2.2Mt (on a run of mine basis) per annum to produce 1.8Mt per annum of primarily hard coking coal and some thermal coal."
My hunch is there will be a report out any day now showing they are at the predicted 1Mt ROM. The mine is de-risked, debt free.
The market will then re evaluate the the stock price to where it really should be.
B2Y Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
