Good to hear you're still following. I think the 3 year time frame will see you well rewarded - provided of course that everything continues to go as plan and no major global issues occur.
I would have expected us to be trading higher than where we are today, although understand that the coal price has harmed most coal stocks in the past 12 months. I think most analysts agree that the coking coal price is at or near the bottom and we should see some stabilisation, and hopefully increases in the coming months or into 2015.
I think the next 12 months will be very interesting and may be where we se some decent share price increases. There is a lot of news flow in the coming months and most of this will be pretty significant. Crown Mountain seems to be a goer and has been significantly de-risked now that the coal quality and PFS results are known.
Dunlevy offers some major upside and we should get some preliminary news regarding this in the coming weeks. If they prove up a significant resource, that is substantially larger than previously estimated, thence may see a re-rating.
I'd like to see a major fund, cornerstone investor, or partner come on board and this could really get things moving as it will remove much of the funding risk which is causing issues for plenty of juniors.
Anyway - I have been buying more too (my wife doesn't share my risk appetite so she is trying to ban me), but I am looking forward to the day I can tell her 'I told you so….'
Cheers
Doyle
JAL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
