Quote:
Originally Posted by fotze
Most of their play is in the horseshoe canyon coals, which are water free. There is no dewatering required. The wet Mannville coals you speak of are still barely economic for everyone dabbling in it. The wells in the area have pretty much 100% certainty of success in the area.
If the prices go up to the $13 dollar mark and they got rid of the shady characters they may be decent pickup. They're problem was there were too many hands in the cookie jar, so to speak.
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Thanks fotze. But yeah, I still wouldnt touch it. Like you mentioned lots of hair on that one. Our new CFO came from Trident, seems like a solid guy. I had a buddy who used to work there as well. Shady was a good way to put it.
U308 is now down to $75/lb...load up on uranium.