re: Ann: PEA Confirms Potential Robust Econom... Bess you cannot...

re: Ann: PEA Confirms Potential Robust Econom... Bess you cannot just say spot HCC prices are currently at $150 so that must be the project unit price - you have to work with the specific coke quality and its catalytic value. You cannot generalise. Some grades traded yesterday at $250. See below this was actually for China produced material. Also Canadian export quality thermal coal is way above $80 not that it really matters as this is such a small percentage. Try and be a little more scholarly with your posts. But you got the PCI price right - well done.

"Two Chinese participants generally indicated that 65/63% CSR met coke could be traded at around $265/mt FOB Tianjin. This departs from last week's price indication at $270/mt FOB for similar quality material.
For 62/60% CSR material, one of them saw the tradable level at around $260/mt FOB". Platts 16/04/13 Also in the same article traders felt prices had bottomed and would take positions. Time will tell of course.

"Typical western Canadian medium volatile, Inertinite-rich coking coals produce cokes that are among the world's best in this test." This is from a research paper. This is referring to CSR - coke strength after reaction to Co2. We have a top product - not just run of the mill coking coal - hopefully anyway! I have queried with Jameson - will post any response.