re: Ann: Initial JORC Code Resource for the U... @ SeamFiendi...

re: Ann: Initial JORC Code Resource for the U... @ SeamFiend


i agree. My play is long-term. China's continued and rapid urbanisation means it needs more coal for electricity generation. China consumes more than 3x the coal the USA does. That's insane and wil likely increase to 4 and 5 times at the rate the Chinese economy keeps growing.

Couple this with expected strong demand buoying prices for thermal and coking coal in the next few years and a stock like Hunnu looks more and more like a winner.

The grades in Mongolia might be lower than here in Australia, but when you consider these potential mines are in infancy, and at the start much of the coal can be extracted via open-cut, the low cost more than makes up for lower grade.