SMR stanmore resources limited

Ann: Quarterly Activities Report , page-8

  1. 9,265 Posts.
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    hi sherlock
    all coal stocks are out of favour at the moment---smr is a non producer hence it is, along with all the other spekkies, being smashed.
    my belief is that thermal coal will rebound----as well xstrata have a window open to them now to open up one of the/maybe the best undeveloped thermal coal resource in the world hence i think wandoan will go ahead.---if you want to hold till 2018 belview will be producing from a billion tonne high quality coking coal mine with a rail line going straight through it already.
 
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