NHC a buy!, page-12

Share price finally ticking back up over $1.50. Almost at break even for me after top ups in the $1.30s and $1.40s. Still very happy to hold this for years. Over the longer term I'm bullish thermal coal prices, the crash in prices has put a lot of coal companies out of business, big ones too. I think this has paved the way for the next multi year upcycle as existing mines deplete, some close, and new mines are not matching the rate of depletion and closure. As with previous cycles, it will take the price moving substantially higher before a heap of new mines get built, but it takes years for them to be built and have the supply hit the market.