coking coal price!, page-6

There seems to be a few news items out over the last few days. Apparently Owen Hegarty and EMR have just raised 860 bill USD for a second private equity fund to chase specifically kick ass coking coal, gold, copper and potash assets. They were seeking 750 mill but came home with more.

Whilst this does not have any direct bearing on TIG as such it does indicate that real money is starting to flow back into quality mining assets and it proves that the big money has faith in the EMR model. I have seen a few concerns on the TIG threads about project funding and I fully understand that it has been lean times since the second mining top of 2011. But this business is cyclical in nature. Just because it has been hard for 5 years does not mean that it will stay that way and the hot money will again flow into projects like TIG. Perhaps this news is more evidence of green shoots appearing. The best way to make big bucks is to get into quality assets when no one else is interested......Am I being too optimistic?? I can never tell.

http://www.theaustralian.com.au/bus...d/news-story/f0b70d11de1ebe810eb99f4cff2a7f1f

https://www.pehub.com/2016/11/australias-emr-capital-raises-860-mln-for-mining-deals-reuters/