The fundamentals for coal just get better. Even if your a year or 2 away from mining, the in ground value for these mega coal projects is amazing. The majors dont want to explore for these projects when its easier to merge or take over emerging monsters like riversdale. how many companies can sit there with this much discounted coal and stay listed in this environment????dyor
from mac bank this morning-
Contract prices boom to ration coal supply
Ongoing strong coal demand growth in the developing world and substantial disruptions to supply have resulted in coking coal contract prices rising by between 210-250% and thermal coal prices rising by 125% for Japan’s 2008/09 financial year.
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