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There are 3 pure-play met coal stocks that I own. One is FDG Fording Canadian Trust which owns 60% of the Elk River Coal operation in Canada, and worth 13.4MM T of coal per year. The other two trade on the Toronto exchange, WTN.to Western Canadian Coal and GCE.to Grand Cache Coal.
Apr 09 01:04 am
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All Comments by gothzilla »Missed Steel Rally? Massey is Purest Play on Metallurgical Coal [View article]
Both WTN and GCE now trade at a forward p/e of 2, given the new $300/t met coal price which they are getting immediately. FDG must ship Q2-08 at the old price of $92/T, but will earn around $18.00/share for the four quarters starting 7-8.