CCC is in suspension at present. They are about to surpass 2 major hurdles that any small mining company will need before they can get bigger
1- Debt finance- you have to grow your company somehow, debt is better for existing shareholders when compared to new share issues
2-Off-take: all their coal is "pre-bought" meaning that they have secured revenues for future production.
I understand that there is a long way up for this company with the above situation, I am comfortable with a target of $0.12 (currently 5cents) with upside down the track
I also understand the corporate appeal for thermal coal is really heating up considering
-USA has new environmental hurdles limiting coal power generation from USA. Bad for USA thermal coal producers. Good for non-USA coal producers (CCC is African)
-Oil prices trending steadily higher