RE: Wow 92.7m tons reserve base!!17 Jun 2022 11:15
Have topped up here today and yesterday.
The CEO always seems genuine, direct, and driven to achieve value for those who invest with him.
I do understand people have their own reasons and differing personal circumstances , but that aside,
i don't think its the greatest move to be selling this is the mid 60's.
The MM report has established there are many, many years of production ahead. Nothing more, nothing less.
Adam explains in the interview the fluidity of the situation regards the MM report, and how resource expansion will occur as they drill and mine further. Even leaving aside the underground stuff, which is of higher grade and very much economic, there are many years worth of coal readily accessible to the high-wall miners.
The price of Met coal will of course fluctuate as everything does, however, there is an acute shortage with not enough mines coming online meet demand, and its worth noting that governments of all colours typically initiate huge national infrastructure upgrades as a means of exiting an economic downturn.
Just my take,
Blue.