New here4 Sep 2019 17:12
so any help welcome.
I am looking at the production figures. They say 6,000 tonnes per month for break even. Coal is around $65 per ton at present so $390,000p/mth income from that. The target is 10,000 tonnes per months so $650,000 per month. less some extra mining costs, I make that around $200,000 per month profit or $2.4m per yr.
Market cap is approx £2.2m at present so seems very undervalued. Anyone any explanation as to why it is so low?