In my opinion, this was all about selling shares from the beginning. And if the mine just so happened to work out, then bonus.
Again, all you have to do is go back and read the Qs. You'll see that this was all rigged to sell shares from the beginning. Sure, companies sell shares. However, the amount that was set up here was never something that can be overcome. Then, throw in a serious pump here and there and you have the makings of a stock cash cow.
If that isn't enough proof, then review the PRs from the past couple of years. You'll see that Eugene released the same PRs year after year almost word for word. Then, behind the scenes came massive dilution and R/S after R/S.
Now tell me, is that any way to run a company if you are trying to make a real go at it? Everyone wants to believe this was about a coal company. Have at it. And I'll stick to what I say and that it always was and always will be all about Mean Gene's Stock Printing Machine.