china want coking coal and iron ore, page-5

I believe its a good buy at these levels. Trading at roughly 30% discount from its cash holdings.

Plenty of upside if they acquire a quality project. Reminds me of CGX back in 2007, had heaps of cash and was trading at a discount from its cash holding, when it acquired the masbate project the share price rose 25%. NGF also acquired the paddington gold mine from Barrick in 2007 and share price spiked 50% on news.

Good luck to holders.