patersons rates as a buy

in their "market daily report" on psl.com.au, patersons reiterates their buy on GUF after their positive announcement yesterday. mentions that south Gobi resources had some production slowdown and that the demand for coal is strong in these parts.

hope we see some buying today - mining within 2 weeks. - in a few months GUF should be mining equivilent to 5 million tonnes per annum at margins estimated to be around $40 per tonne. market cap $260 mill - potential 2013/14 EBITDA of $200 MILLION - you can all do the maths.

good luck everyone.