Don is exactly right.
My employer sells lab equipment to the coal industry and it's a bleak picture for the foreseeable future. As in many years. Tumbler Ridge, Willow Creek, Grand Cache, Obed Mountain are all mines that have shut in the last couple of years. Teck is trying to cut costs and may close Coal Mountain Mine, so I can't see any reason for anybody to open a new mine, unless somehow, somebody expects to get some sort of Government handout. Otherwise, the metrics just are not there. A commercial coal lab in Richmond BC shut down and moved back to Australia, SGS delayed opening a coal testing lab in Prince Rupert indefinitely. World is awash in coal right now. There has to be more to this story...pump n dump penny stock ploy???