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tenenbaum

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tenenbaum

Re: True Blue post# 236

Sunday, 04/11/2010 12:10:29 AM

Sunday, April 11, 2010 12:10:29 AM

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We receive governmental subsidies from time to time to offset this risk.

Not sure how that's up for contention. I am fairly certain that they receive these subsidies at year end.

the mine has gone from a 35% recovery rate to 80%

The mine became fully operational mid Q3 and was fully operational in Q4. You are correct that the coal price increases will help, but the fact that the mine is closed during CNY will offset that.
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