TIG has sold its initial 170K ton of coking & thermal coal @ $99/ton (unwashed) FOB.
Its COP is about $40/ton and it is set to sell 600k ton for the 2018 shipping season.
@ a market cap of $82 million , its 630 million ton coal reserve pans out 13c/ton
in the ground and over 80% of this is coking coal with a very low strip ratio.
