Hi Guys,
So with todays share price and approx. 600,000,000 shares outstanding we have a market cap of approx. 5 million dollars.
For the month of May price of Columbian coal is approx. $68 per ton. Current contract we are delivering 34 tons per truck and 10-20 trucks per day.
Lets say we work 20 days per month and average 15 trucks per day.
So 34 tons x 15 trucks per day x 20 working days per month equal
10200 tons per month.
At $68 per ton x 10200 equals $693600 per month x 12 equal
8,323,000 per year.
So lets say we use a price to sales of 10x market cap is now at approx. $80,000,000.
I say we are very under valued here at $.0085
I have purchase more shares today.
We should be pushing much higher sooner than later.
And that is only with todays deliver rates, and more to come as per todays news.
