Alpha Natural Resources, Inc.(fka ANRZQ)

[MattySR]

Mine valuation is not coming into play until Plan of Reorganization negotiations begin. And that won't be for another 9-12 months at the LEAST.

If we had a Plan of Reorganization now, and mines were valued into the plan, equity would without a doubt be wiped out. HENCE the price per share right now. Most people do not want to sit on ANR until coal finally rebounds. I bet ALOT of people are planning to buy into this stock in 6-8 months.

Speculators can speculate an appreciation in coal mines + coal sales over the next year and get into ANR on the cheap right now, AND OR wait a bit until the hype comes back for ANR (if ever) closer to POR.