retired climber

Coal is Just Amazing

FDG was a great play and I believe it is still a good place for your money in this environment. But, its multiple is lofty and perhaps safe with rising income. WTN [wxjxf on the pink sheets]on the other hand is much smaller, and with an apparent P/E in the range of 1, it seems like a good place for new money. Given the market for Met Coal and the features of their mines and contracts their price growth could explode much beyond the potential of FDG in the coming 12 months; maybe even a takeover candidate?

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.