Reading through NCQ's Preliminary Economic Estimate they've certainly crossed all their ts. Conservative case projects over a 25 year mine life they can produce a bottom line profit of ~$500M. @ 60.9M shares fully diluted that should give NCQ a value of $8.21/share. Thoughts?
institutional investors are selling out after the spin. Check some of the other stocks listed here: http://www.stockspinoffs.com/ and you'll see similar developments. They usually catch up after a while.