WSJ is reporting – The $2 Million Coal Mine That Might Hold a $37 Billion Treasure

https://www.wsj.com/business/energy-oil/the-2-million-coal-mine-that-might-hold-a-37-billion-treasure-181dbdcf

While that is paid article, some details can be seen in below –

https://www.dailymail.co.uk/news/article-12730311/Wyoming-coal-rare-earth-minerals.html

While mining company stocks have bad reputation, when WSJ is covering it, feels like reporters might have tried to get into depth of the claims.

The guy who bought it runs METC, which is, no wonder, up 33% – yet the market cap is only $620M as of now. A 4.27% div yielding, sitting on 37B treasure, but market cap just 620M – all of this sounds too good to be true. What am I missing ?

Any thoughts ?

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