You don't want to know how many I have bought in the last 2...

You don't want to know how many I have bought in the last 2 months...I'm only going to put another $10k on her and I am done.

Currently 20% of coking coal miners are running at a loss and 52% have lees than a $10/tonne margin and only 3 coking coal projects have a 15% margin with current prices at $US159.40 a tonne. What?

COK, with a PCI price of 75% of coking coal price (currently just over 80%) will be lets say $120/tonne. SBFS states FOB of $95 before royalties, so would be less than $105... equates to just under 15%.

Mines in the short term will close...and the coal price should rise (by how much will be influenced by other macro factors). But puts COK in a great position to come online in 2015 IMO. Hopefully the world has sorted things out by then and we are back to normal growth (or close to it).

Maybe I need to buy more!!!!!!!!!!!!!