Newlead Holdings Ltd. (fka NEWLF)

[jimw2]

NEWL Is A LOSER,Not a Survivor

''Because our management team has no experience in mineral exploration and does not have formal training specific to the technicalities of mineral exploration, there is a risk that our coal business may fail.

''Currently, our coal business operations are limited or non-existent. There can be no assurance that we will be able to effectively manage our limited operations or expand operations in the future.''


No way in hell they EVER Profit from the eastern Ky mines!

The largest, easiest-to-access coal seams in Appalachia have already been mined, forcing coal companies to spend more resources to extract coal from lower-profit seams. Coal companies in the Powder River Basin in Montana and Wyoming can extract more than 10 times as much coal per employee hour as coal companies operating in the Appalachian Basin.