Hoosh3Thanks for the interesting read, hard to fault the...

Hoosh3

Thanks for the interesting read, hard to fault the underlying logic to it. However, a few points I believe worthy of some reflection. Future coal industry growth is going to be very different to the boom days of years past.

i) In the years ahead Australia, in particular, is going to come up against new and much cheaper producers of coal, ie Indonesia as the article so well points out. Not only will the new producers be cheaper, they have a lot less red and green tape in place.

ii) Miners/potential miners and investors are going to be a lot more focused on truly "doable" projects, they will look less favourably on big "pie in the sky" type deals that require large scale supporting infrastructure investment, ie, new rail and ports etc. Those projects have enormous cost and take a very long time to bring to fruition - particularly with all the red and green tape involved!

iii) In a nutshell, coal projects will be much more cost sensitive in their development and operation and plenty of new players will be sitting at the table.

Yes, coal has a good growth outlook, but only those on-top of their costs will win!

Just my private thoughts, DYOR.

Seasons Greetings to All....