Replies to post #3796 on Mining Company research board

[1manband]

Anybody want to pitch in and buy the mine with me?

No thanks. Met coal prices are in a free-fall and are almost completely dependent on the unpredictable Chinese government.

"After a pause last week (and even a small move higher) following 12 weeks of non-stop selling, the rout on coking coal markets resumed on Tuesday. The steelmaking raw material fell 4.7% to $154.80 on the day, the lowest since early September.

Met coal is down more than $150 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November despite customs data showing a huge jump in Chinese imports."

http://www.mining.com/coking-coal-resumes-sharp-decline/