I'm currently long on Cobalt Coal on the TSX - I really like the potential here.
Check out this investors presentation from July of 2010. It outlines the plan for developing the Westchester Site and also the Fox Development. Those 2 things are key for this stock to gain value. If those two things come to pass, then this can easily see a dollar plus. Fair value at this point should be in the mid 20s. Current prices are a steal.