Given the situation that talk of rail and other large scale projects WILL occur in China and Mono, the demand for steel will pick up again.
Aussie Coal will be hard pressed to compete with the increasing supply of cheaper Met Coal from Sth Gobi, and from TEEG :) going forward.
Interesting to monitor our bro - GUF, who have a reasonable annual production in line to commence this year, with only a $10 mil set-up cost; NOW compare with what Aus co's are paying, just to get to production, let alone the rail to coast + shipping cost - to get to China's coast ... + rail to Chinese steel mills.
Rather be invested in Mono Coal at present, imo.
Draig's cash has been lifted by Trinity's $1.0+ injection for their share of costs to-date, by-the-way.
With Chinese border below Sth Gobi, opening more transfer 'gates', I think that the writing is on the wall for bigger production and transfer of Mono product into the large market next door.
Looking forward to the next up-date from mgt!
......
Cheers :)
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Price($) | Vol. | No. |
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