WHC Chart, page-114

Exactly right - They have both Metallurgical coal (The one used in steel making) and the thermal coal that is used in energy generation which still makes them a good source for buying coal. Recent articles point to a new generation of coal plants in Asia and the coal needs to come from somewhere and Australia is in a strategic position to achieve this - Think streamlined economy of effort and process efficiency and you get a winning combination. A company that has good books and decent directors on board and good business process fundamentals has a good future. The markets will always do what they do but these are just my 2 cents.