retired climber

Coal is Just Amazing

Have been following Western Canadian Coal for a few months. Has traded in the 4.50-6.70 range. It produces 3.7 + million tons of met. coal a year and is increasing that yearly. They have secured all 08 tonnage at $300+/ton. Transportation routes and facilities are not stressed.There are about 127m shares outstanding. Production costs seemed to be in $80-90/ton range and there will obviously be some cap exp. yearly. With all that I still see earnings in excess of $5/sh. Is this stock extremely cheap or what am I missing.