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mhlld

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mhlld

Re: johnlw post# 233

Sunday, 12/19/2004 9:20:41 PM

Sunday, December 19, 2004 9:20:41 PM

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I have to give SN.V credit for holding on to these Australian coal assets. Shell sold their Aussie Coal assets to Anglo Coal(AAUK) in early 2000 for $900 million USD. I see AAUK made $130 million USD in 2003 off these same assets. 2004 will more than likely be triple 2003's, and 2005 with coking coal at $125.00/ ton? Maybe double again.
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