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21/11/11
17:12
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if its domestic sales, forget it.
there is no blue sky in any african coal stock, which sets its eyes on domestic profit margins, of ,,,bugger all.
Unless they can crystalise the rail and the ports, for export sales, the 4bt may as well be 1bt or 10bt.
Its not MCC, and its not going to get taken over with outside eyes on the resource.
Its all about the bottom line, and unless it becomes a real prize, with export earnings, who would take it over?
Someone who wants to make pittence on larget capex?
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