Thanks for the link perthglory & I can see your point from the graph but even the author says:
"As can be seen below, the range for companies in the sector is very broad, reflecting both the quality of
resources and how advanced deposits are. Producing companies and metallurgical deposits tend to be valued higher. Macarthur Coal, under takeover discussions at present, is currently priced at a multiple of over $6/t of measured and indicated resource."
It's been a very nice ride so far but I'll be looking to make my position "free carry" today & then look for a re-entry for trading stock on a pull back.
Plenty of trading pocket money to be made from CDS over the next year or so (on top of the long term hold stash)
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Thanks for the link perthglory & I can see your point from the...
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