Ian Gilson, CFA
America West Resources (OTCBB: AWSR) has taken delivery of a new continuous miner and it is being used in the second section in the Horizon Mine in Helper, Utah. The two continuous miners in sections one and two will have production capacity of 60,000 tons a month, and the company should reach this level by the end of the first quarter of 2011. At the current price for steam coal this equates to revenue of over $70 million a quarter. At this run rate the company should be close to break-even in earnings with positive cash flow.
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