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Ponch73

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Ponch73

Re: OMOLIVES post# 119

Sunday, 04/09/2017 2:03:38 PM

Sunday, April 09, 2017 2:03:38 PM

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The article is an interesting read. It is positive, but I would be lying if I said that I wasn't a little disappointed to read the projection of a mere 4 MT increase in Chinese coking coal imports in 2017. Last year, China imported 23 MT from Mongolia (according to MMC) and MMC had only 6% market share.

For MMC's economics to really start to shine, we really need to see the company generate 7-8 MT of washed coking coal sales @ $120/ton.
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