New Colombia Resources Inc fka NEWC

[superheated gas]

Coal producers conference main points: (attended this conference for a work event) I will list out some of the main points:

Largest US MET Coal producer - -9.4 million tons and growing
Met coal end users are running out of inventory - Met coal users have been burning through their stockpiles in order to keep metal prices down. 2017 projected to be a huge restocking year for met coal end users. Met coal projected to rise in price.

US Pig iron production (met coal users) up 3% in Jan. China up 5.6%. Pig iron production expected to continue to rise.

Every 0.10/mmBTU change in natural gas changes volume of sales in coal +/- 4.4 million tons for the eastern bituminous coal, and 8.6 million tons for subitminous coal.

Increased demand from power generation has been moving natural gas prices up, but natural gas prices have began to make a bearish turn.

Reverse switching of Natural gas back to Coal fired power plants is a growing trend (good for thermal coal)

Renewable energy growth halted as federal tax credits (US) expire.

Coal generation (power) retirements continue, but at a slower pace than we have previously seen.

Thermal coal demand, though declined from 2015 rates, has stabilized (less volatile)

"met coal looks pretty good for exports"

Sorry guys ill take notes and post later but my internet hotspot is about to die.