http://www.eia.gov/coal/annual/pdf/table10.pdfThere are >30 small coal miners. They are staying in business.Find the publicly traded ones and short the upticks??????
A small miner has no overhead.A couple of minersA couple of trucksA trailer with 2 engineers and Shift supervisorA couple of finance guys looking for the next dumb Indian.BLM will sell the lease to anyone who promises to pay 90 c per tonne. Better than VC. A new Facebook or Google is not formed everyday. This is solid bread and butter business. Find an Indian, sell him your coal. No one else wants to pay for it.
Dumb Indians paying top dollar for Coal mineshttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJOpVBS.pF8gWhen they could just buy the coal for below cost of mining.Dividend cut or bankruptcy for Arch?