huge buying interest - what's up?, page-17

PJ,

Your comments are based on today's prices and really relevant to current coal producers and explorers with huge immediate capital requirements to commence construction and production.

MTE is not in this category yet. Plenty of time.

You should know that markets have consistently failed to anticipate commodities trends and match them with the valuation of a resource. Enter the likes of Nathan Tinkler, China, Japan etc that look years ahead.

Current thermal coal prices are being determined by current natural gas prices due to the current natural gas glut. It will all turn around, just can't say when. The simple law of demand and supply says so.

It is a bargain at these prices - except to say that irrational markets can present even more bargains.

Keep buying if you have the money.