I think that this company would stand on its' own two feet on...

I think that this company would stand on its' own two feet on the coal venture alone.
If HDG were to apply the same strategies as Bluescope I can't see their iron sand venture possibly failing.
I think the secret with this one could be to get in early, take the ride that should eventually come when drill results start to filter through from the iron sand project, look to be free carried for a parcel & go for the ride.
That is the path I have chosen for this one, off course IMO but you do what is right by you.