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EDMGUY

06/10/13 7:48 PM

#15368 RE: artisang #15366

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.