We have early stages of world synchronised growth which is very hard to derail with planned major infrastructure projects around the world (e.g. silk road, Trump infrastructure plan etc ). With infrastructure you need steel and you can't make steel without coking coal.
On top of this we have had major under investment in new mining projects. For a new coking coal project to go from start to producing takes a minimum 5 years. Bounty has started producing earlier this year and has the resources and infrastructure (over $500 mil spent by previous Chinese owners) in place to expand capacity at a good pace.
I believe we are set to list by Friday next week.
B2Y Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held