Enlighten me... The last time I looked, their "breakeven point" was estimated to be $77 per clean ton and the market was hovering around the mid $65 per ton range. Any of that may have changed recently but I would not expect it to have an immediate effect for Quest/Gwenco. Though I don't see where much has moved in their favor over the past several weeks. I’m not trying to argue with you, Anvil. What is your perspective?
I read a report on coal companies last month where some bigger companies were shutting down to force the spot coal prices up on demand.
If that were the case, I would make the case that they probably did for this Gwenco property too. This might give them a chance to cap some of these code violations off too.
I also read one blog where one stated that the mine would restart in early July.
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