volume, page-12

I think they will touch it, but they need to prove that they aren't CCC, CZA etc.

So far they have brought a mine onstream, within budget. Good start BUT they have yet to prove its profitable. Now we all know they have locked their margins in, so highly likely to be profitable, but I think the market wants to see it.

My view is, the brokers are looking after their clients, and they will pick off the easiest fruit. Whilst their are miners (irrelevant of commodity) who are producing and showing cashflow operating on P/E's of 5 and below, then why wouldn't they buy them. Once UNV starts doing the same, then they will go on the list with these companies whether people like coal or not. They will be hard to turn down, if they have a P/E of 2 or 3 after all of this, especially with growth prospects of other mines right around the corner.