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My concerns: Peabody, a major coal company, has a lease next...

  1. defplayer
    3,134 Posts.
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    22/07/11
    17:08
    Post #: 8714578
    My concerns: Peabody, a major coal company, has a lease next door. Peabody stopped open-pit mining on that lease. A 175m thick seam just can't cease on Pea's license. Why did Pea stopped mining? Why didn't Pea pursue the lease next door? Even if it is thermal coal, still it is >$100/t. Should still be very profitable.
    TVN Price at posting: 6.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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