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Alpha Natural Resources, Inc. Message Board

  • chasestockhigh chasestockhigh Apr 4, 2013 10:57 AM Flag

    ANR's Valuation : ANR Cash $4.76 + 4.6 Billions Ton High Quality Coal $ 10 Billions at least

    it operated 107 mines and 26 coal preparation facilities in Northern and Central Appalachia, and the Powder River Basin with approximately 4.6 billion tons of proven and probable coal reserves.

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    • Book value of $22.52 and $1.04 billion in cash. Book value would be higher but they have written off over $3 billion in value and have turned that into a tax loss carry over against future profits. 40 NG wells and a 10 million cubic feet per day prep plant calling for 100 wells on 18,000 acres.(They have millions of acres to drill on and this 18,000 is just from foundation coal not from all the land they got from Massey or what they had before. The UBB mine complex is also sitting on the Marcellus shale and we know that area is full of NG.) 41% ownership interest in Dominion Terminal Associates . River terminals and a railroad. Over 110 mines active and not active which can be reopened or expanded. Wabash is one such mine.

      Number one in the US in Met coal. Number three in the world behind BHP Billiton and Teck Resources. All of the future Adams fork project and the two other sister plants coal will come from Alpha. 7500 tons a day for each plant when built.

      With all this old Ben wants to know why we trade at 1/3 book value while WLT trades above book value. Massey alone traded at $45 before the UBB accident. They had 2.8 billion tons of coal reserves with 1.3 billion in Met coal. China is running out of coal. India has poor quality coal. Over 1/3 of what is mined and shipped is full of rocks and dirt. One company got 55 million tons of junk and has demanded before they get any more from coal india that the quality will have to be guaranteed.

      ALPHA has your coal and our quality is second to none.

      • 2 Replies to benstevens75
      • If that is not enough ANR has $13.089 billion in assets with $4.968 billion in shareholder value. It has the lowest legacy liabilities in the coal industry. Who knows how this will turn out with ACI and BTU with PCX. What does that mean? It means you have a stock that is trading for $7.31 and is worth $22.52 because that is the shareholder value but when you put those $3 billion in write downs back in you get a value of $36.10.

      • Very good post. Now.... is it me or it seems you are the only one on Earth to know and believe that. Oh.. btw..I believe it too... but heck... the pps has been down at the bottom of the mine for a long time now..... Patience will pay off I guess.... I have a huge position at 8.84.... and do get cold feet and sweaty hands once in a while.... Sure I am not the only one....only the one admitting it..... I know.. if you cannot take the heat....get out of the kitchen...... So seriously now.... how long you think it will be until we see double digit pps again... ? Please... no Vlad charting presentation necessary...... lol..... :o)

 
ANR
3.25-0.07(-2.11%)Jul 23 4:00 PMEDT

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