Erewhon, I shouldn't even dignify your post with an answer. In fact I should report you to the mods for flaming.
If you checked my posting history or read some of my other posts you'd seen what a fool you are making of yourself with your ridiculous claims.
The reason I have never posted on EER before is because I have never researched them much until today. If you took a moment to actually read what I wrote instead of going into hysterics, you'd see I was actually quite positive on EER. I was just correcting some factual errors you made, like the claim that EER's coal is the same as Galilee coal.
So relax. Xstrata is planning a 30Mtpa mine at Wandoan that has similar coal quality to EER's. It's not as good as Galilee coal but it's still good quality export-grade thermal coal.
EER Price at posting:
61.0¢ Sentiment: None Disclosure: Not Held