Corsa dropped on a soft 1st Quarter just as Australian Low Vol Coking Coal Prices firmed up. Developments at Casselman, Acosta and Schrock Run Extension are positive. It is believed that productivity improvements at the respective mines and higher quarterly average pricing for coking coal will be fully reflected in Q3 results.
We are buying Corsa Coal, which currently sports a betting edge of 9% and a discount to expected value of 22%. Corsa has closed >3σ from its expected…
Long-Term Price Case $2,000/oz. Flagship Project Kobada Mineral Resources 1,760,675 ozs. Shares Outstanding 175,920,000 Market Cap $21,110,400 Average Annual Production 177,940 ozs. Recovery 95% LoM 9.4 Years Payable…