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Anvil

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Anvil

Re: ndstephens post# 15636

Thursday, 11/20/2008 3:42:13 PM

Thursday, November 20, 2008 3:42:13 PM

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nd, if the mine is sold by BK, then the shareholders will get whatever is left over after all the creditors are paid. I know there have been alot of values thrown out here regarding the mine. But from where I sit, this mine is worth $15MM at best and probably $10MM. Coal prices have dropped considerably and this is not met coal. It is good steam coal. NYMEX compliant coal is going for the low $70's and at best $80 for coal destined for a rail vs barge.

Given the delivery default by Gwenco, my guess is that Hamden Coal is paying Gwenco near spot prices.

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