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Re: artisang post# 15366

Monday, 06/10/2013 7:48:04 PM

Monday, June 10, 2013 7:48:04 PM

Post# of 22426
Share price/reserves
No where in my post did I say I divided reserves by o/s or that you should. But a few on this board seem to think you can with VHGI.
In fact your post just proved you can't value a coal producer that way. My point was that the market values those coal producers at far less than that. They each have roughly 200m shares outstanding (vs. 100+ for VHGI)and Billions in sales and coal reserves yet some of them are only trading at $5-7.
Their cost per ton to produce is lower, open pit/side wall(cheaper) vs. room and pillar(more expensive).
Well established/high volume(them/cheaper) vs. new startup(us/more expensive)
VHGI could spike soon, but it won't be because of fundamentals or profits.

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