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Author: fakena Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3296  
Subject: Re: GCE Date: 2/23/2007 8:46 AM
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I've gone through all MD&A's from inception to now. Looks like if they get every thing going right they shouldn't have a problem of earning $0.20 - $0.50 share for ten years, but so far it looks like they have a bit of problems with just about everything; sales, rail service, mining equipment purchases, production plans, processing plant...well, just about everything. but it seems that the present low strip ratio for surface mining should now produce lower costs of coal produced and I'd think they should stay profitable. But they are beginning to operate this themselves now, so I'd expect a bit more problems in that respect.

Its hard for them to get committed buyers I'd think considering they can't ensure delivery date to westshore terminal because of the rail service. I'm still wondering about the reason for cancellation on the mining shovel. Also wondering about the production rate plan going from about 2 million tonnes per year to 4 million tonnes at a time they were having trouble producing 1 million tonne.

Any idea if they can replace reserves mined within their present lease areas and about what it would cost them to get a measured and indicated tonne approximately to that certainty? I think I'll do some more digging, crunching, and considering.
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