Current Valuation benchmarks

Discovering Canada’s Coal resources

Intersected 23 metres of Black Coal - Border property 50km north of the town of Hudson Bay, SK

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Current Valuation benchmarks

posted on Feb 28, 2009 03:57PM

Can we it $5/share or higher. Absolutely!!! There can't be much of a trading float left out there. If results keep coming in maybe I'll get my birthday present from last year back by this June.

However, a touch of reality is that the current valuation of producing coal companies is around $1.5USD/ton of proven reserves and in some cases much less (PCX:NY is $0.3/t). So lets hope for continuity, limestone buried coal horizons in old holes, and lots more success in there ongoing drilling.