Replies to post #10744 on America West Resources, Inc.(fka AWSRQ)

[zomniac]

The article was written in May of last year.
That's before the geologic "problem" encountered at the Horizon mine.
AWSR laid off 1/3 of its workforce and lost about 50% of output.
http://www.sunad.com/index.php?tier=1&article_id=23226
Meanwhile, mining rock is not very profitable.
I expect the 10-K financials to be very bleak, very.

AWSR Completes Mine Development and Commences Full Production at Horizon Coal Mine


Cost to Produce Thermal Coal From the Mine Expected to Decrease While Coal Production Rate Escalates to More Than 90,000 Tons per Month


finance.yahoo.com/news/America-West-Resources-iw-3569649369.html?x=0&.v=1

[blulotus]

2011: "With about 1.6 million tons of coal produced-to-date from Horizon, the Company expects to see its monthly production escalate to an estimated average of 60,000 tons now that it is in full production and operating two continuous miners.