Hi balilow, BTU has possibly the highest rating coking coal in the world and hence will sell at a $10 to $15 premium to most other coke producers.
With iron ore demand increasing it takes coking coal with it. There is a lot less suitable coking coal in the world than iron ore.
BTU is aslo very close to production and is in a stable political country and has limited transportation costs. Its just down the hill to the port and off to China. A lot of other discoveries of late are stranded deposits ala RIO's riversdale in Mozambique and AKM in Mongolia. The cost of infrastructure to market can cost billions.
If BTU can work towards 2 mil and then 4 mil tonnes p.a. then it will be a billion dollar plus company.
Just waiting on a favourable court decision due shortly.
Hi balilow, BTU has possibly the highest rating coking coal in...
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