PCI Coal Price Settled for Apr-June, page-6

Good post CV.... by my reckoning tight at best for COK from a break even point of view.

With regards to China one thing that this latest round of coal pricing has done.. reinforce the cost reduction / continuous improvement drive and in particular maybe now is the time for China to fully embrace to a greater extend the efficiency's in converting steel mills over to PCI technology and benefit from the efficiency savings into the next boom cycle... To some extend the future is PCI as a value add driver and its why I'm into COK at these low prices.

People who think we can do without coal at a greater and greater levels are deluding themselves..

Patience is the name of the game..

Profits to all

RT