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Pacific American Coal (ASX: PAK)

Commodities look to have stabilised since 2014 and appear to be edging back into investor attention.

Just look at the spot price for premium coking coal, which has rallied by over 60% since mid-February and you get a sense of the upward trajectory of this commodity in particular.

This rise is good news for Pacific American Coal (ASX:PAK), which is looking to progress its flagship Elko Project in Canada, known for its high quality coking coal seams.

Recently PAK commissioned a detailed study into the commercial viability of Elko including a 3D model of what its mine site and processing infrastructure could look like, signalling its long-term intent for its Canadian project.

PAK is not a one trick pony.

On top of its 257Mt coal resource confirmed to internationally recognised JORC (2012) standards, it is also a 40% stakeholder in Imagine IM — the world’s first graphene commercialisation company that will be manufacturing graphene-based products.

Combined with its coking coal activities, PAK is hoping its holding in Imagine IM can blend neatly blended with its downstream graphene revenues to create a vertically integrated, paddock-to-plate carbon company.

The information in this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With coking coal prices having hit $160 per tonne, PAK is aiming to punch above it’s current A$16M market cap and put itself into a strong early position to advance Project into commercialising high-grade coking coal for steelmaking.

 

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PAK Galvanises Coal Portfolio for Cyclical Resurgence

The commodities swansong is back on the hymn sheet. If we look at the staple commodities that have propelled countries like Australia to the top of the commodity-exporter stakes (coal, iron ore, zinc, gold) — they have all stabilised their swan dives since 2014 and are now creeping back to the forefront of investor attention.

Sep 19, 2016 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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