Hi Sin..
Had a quick peek at GXS on their web site and it is fairly expensive,I think...Yes..they have a great bit of new coal ,BUT it is thermal coal//
What you are looking for are companies with Large Meturlogical coal reserves..
Thermal and Meturlogical are the key words to look for..
Thermal is for stem generation and is used in power plants and is usually high in sulpher and mercury...and is worth about 1/4 the price of Met coal ,which is different composition,rarer and used for coking coal for steel making..
They are the babies to get..
FDG.UN...WTN...GCE...HLB are the biggies..
Good luck
(Steam coal companies will make out well over time also but you have to get them cheap and early to make lots of money..
I wouldn't even think of paying this for GXS..not producing coal yet and I haven't done any DD on it..
GOLDSOURCE MINES LTD | 10:59:33 AM EDT | |
| Symbol | T | Bid | Ask |
Last | Change | Volume | FSI | |
| GXS CA V | - | 6.65 | 6.70 | 6.70 | 0.00 | 36,700 | | |
|
| Bid Size | 11 | Ask Size | 14 | |
| Day High | 6.72 | Day Low | 6.70 | |
| Open | 6.70 | Yield | 0.00 | |
| 52 Week High | 8.00 | 52 Week Low | 0.16 | |
| Earn. Per Share | 0.84 | Dividend | 0.00 | |
| Price/Earnings | 7.9762 | Ex-Dividend | |