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Message: Coal triples

Coal triples

posted on May 06, 2008 04:20AM

i must be brief this morning as their is much afoot



COAL PRICING



April 01 the price for met coal was bumped from about 100/tonne to 300/tonne

This is why the Japenese interest in CEC

similarily thermal coal is now in the $1000 range. The Princeton property has done a feasabilty, has a plant, equipment and good to go at 45$/tonne

European investors dominate the market.

The technical breakout is 375

Expect 45 by days end

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