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Re: GorillaGorilla post# 198

Tuesday, 04/13/2010 2:41:48 PM

Tuesday, April 13, 2010 2:41:48 PM

Post# of 224
I was only looking at pure sales figures. These guys are impossible to read tonnage wise, since they seem to have a great deal of "down time", and significant brokered tonnage - "In addition to mining coal, Xing An and Tong Gong also brokered 100,000 tons and
55,000 tons, respectively, during the third quarter of 2009 to meet customer demands, with average cost of $23.42 per ton."
Quite frankly, why mine "Our cost per ton for production was $21.96 in the third quarter of 2009," when you can get it for less that $1.50 more per ton?

Tong Gong Coal Mine Xing An Coal Mines
Production Brokerage Sales Production Brokerage Sales
Three months ended September 30, 2009:
67,416 55,000 107,645 - 100,000 102,148
Three months ended September 30, 2008:
66,448 87,069 153,517 0 157,700 255,909

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