here it is.......look out

If Mittal takes over MCC as expected then people should be concerned about real longer term supply issues. Mittal would control 60% of the seaborne coking coal market and could tell the rest of the end users to get ro_ted as they need the coal for their own mills. They don't care about PE's any more, this is all about supply. We could see coking coal trade over $400 if this plays out and they get control. RIV will hit $20 after all. RIV can also avoid these increased taxes been imposed on the QLD miners. Mittal could effectively just squeeze the other steel mills into paying more for coking coal and force them out of business.The overall picture just keeps getting better for RIV. my view only, but the big picture seems to becoming even more obvious as the days move on. dyor