crazy, page-12

It was told in recent company presentation that a $800M fund is needed to develop coal project. But it is not clear whether it is the final financial budget for a total 20MT product, or for the first stage of 6MT. The budget will be shared by Tata, I think.

Thermal coal plant needs at least another $1 billion.

But I can not find who are the sellers and their suicide objective. Anyone has the idea?

Tata steel, the sixth largest steel company, definatively needs coking coal for its steel plants across Europe, India and Asic Pacific from Mozambique, may be also delivery thermal coal to India for Tata group power plants.

In this terrible bearish market, most people are short-sight, and the future of the company is valued by nothing.