jal - interesting price action, page-2

agreed....I have not got in yet but a lot of market talk about Jameson (JAL) because:

1) production about to start in July - and infrastructure all in place with a rail line close by so not much in transports costs;

2) I'd say they would be very likely to secure a offtake aggreement shortly - Koreans and the Japanese still very keen to get this agreements in place.

3) assuming they can produce 1 million a year (@70 per tonne) that means turnover of 70 million and a profit of 10 million (based on total production costs of 60 per tonne). So even if the stock has moved, it is on PER 2X !!!!!!!!!!!. Most other coal cos are trading at 8-10X 09 PER - JAL is very very cheap..............