hard coking coal for cey is only 5% of there total production .of the other 95 % 50% is under long term contract to a local power company at a fixed price plus cpi increases until 2013 .cey is well undervalued at these levels with an forecast 8 to 10 cent final dividend they are close to debt free and trading on a pe of 6 .shaws have a value on cey in the mid $2 dollar range .wrongway
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