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Post# of 94785
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GorillaGorilla

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GorillaGorilla

Re: Rames post# 42120

Monday, 05/24/2010 8:54:50 AM

Monday, May 24, 2010 8:54:50 AM

Post# of 94785
SGZH $50 M of revenues from 1.2M tonnes.. so $42 a tonne - so low quality thermal or they are expecting coal prices to fall off cliff.

Based on our research and information provided, we expect that beginning operation in the third quarter of 2010 will deliver meaningful revenues from the mine this year and upwards of $50 million in revenues during its first full year of operation in 2011.

rich
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