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Xinergy Ltd. Message Board

  • coal.guru coal.guru Dec 28, 2009 1:45 PM Flag

    What Does Xinergy Have That Others Dont?

    Im familiar with the operation located in Bell Co., Ky. This is the old Straight Creek Resources owned by Addington, Cyprus, Harbert Construction, and Mr Orr. This operation has been in existence for over 40 years. The steam coal reserves have got to be getting very depleted. If this operation can tap into the metallurgical reserves said to be underlying a large area in close proximity to this operation, then this could be a real gem and poised for growth in the upward met coal/ blending segments. The washing plant is relatively new (by todays standards) and could maintain the quality needed for the hi vol coking blends. This is one to watch. $3.20 per share is a good risk to take and see what direction management takes on expansion and reserve acquisition in the near term.

 
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