In yesterdays 'Age', an article noting India's demand going forward, '... may triple coking imports with-in 5 years to meet surging demand from steel makers,....'
'90 mil tonnes in 2015 from 30 mil last year'.
With prices anticipated to rise to $225 /ton in 2015, scope exists for CEO to have a good income, into a market that will take any coking coal discovered.
Guess all paints a rosy(?) picture for growth, once the company gets to that stage; allbeit early days at present. Just thinking that with our mgt team's ability / experience to move mining projects through their stages 'in-house', plenty of positives in the market environment to provide the required income for exceptional growth in co value.
Cheers :)
CEO Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held