American Resources Corp (AREC)

[RandyKCMO]

I'm away this week... but I thought the projected numbers for the second quarter were lighter than I expected.

Quarter over quarter and year over year quarters were up 33% and 32%, which is pretty decent growth.

I would have liked to hear what are their current and projected annual run rates. Once the mine upgrades are completed and get into full production, we should get a better idea of the full year and next year's revenue numbers.

What I know for sure is that deployed investment dollars have been rolled into increased mine development and production.

The website has been updated to include additional mine properties. Here's the link to the current Investor Overview:

https://uploads-ssl.webflow.com/5aafef3a67150adc031ae667/5c9a7d2f4c23934d30b239e3_ARC%20-%20Corporate%20Overview%20Sprint%202019%20(public).pdf

No matter how you look at it, they're expecting a serious ramping up in production and revenue. The optimal levels will depend on some additional capital being raised, but with or without it the more revenue we can grow the more revenue and cash flow we will be able to use to fund additional growth.