Replies to post #1654 on Puda Coal Inc (PUDA)

[Drexion2004]

Your net margin is way too low for most coal mines... According to PUDA's presentation at the last conference, most mines get 48-49% margins and they were being conservative in estimating 40% margins in their OWN consolidation-mines.

Look at LLFH margins for example, much much higher than the 26% you assumed.

Given the 50% coking assumption you made, the margins would be even higher...

-Fernando