Metallurgical coal producer Bens Creek Group (LON: BEN) is the best performing 2021 AIM new admission with a 500% increase since 19 October. This is a company that has only just started to generate revenues from its coal mine in West Virginia. Yet, it is valued at £211.8m.
Proven and probable recoverable reserves were 2.34 million tons at the time of the flotation, but there are also many millions of tons of in-place coal resources.
There is existing infrastructure and Bens Creek has invested in capital equipment for mining. It is early days and production is starting to build up. The s...
