Hate to burst some bubbles here, but there are some wild prices being thrown around here on this thread. I suggest holders do some research into coal pricing in Mongolia and you will see what real prices coal will fetch. Have a look at any of the current miners and there quaterly reports and they will give you an accurate reflection of pricing per ton.
OR
This link shows some recent price movements in the spot market. Note convert Yuan to USD = 6.44 to 1
Low Energy Value (TVN) Approx 197 Yuan or $30 a ton High Value Approx 410 Yuan or $63 a ton
Note all prices are reflective of the coal being sold into the Chinese markets and currently reflect the spot price and are broad prices and values may vary for different value coals. http://en.sxcoal.com/Search.aspxcategory=news&keys=Mongolia
Investors should understand that unless the coal is sold to other markets (Not China) you will see a large discounts on pricing. You will not get Australian pricing for coal in Mongolia as it will be sold into Chinese markets due to lack of infastructure and market access. Which helps China get lower prices due to the lack of market access.
Columbia if your intrested in the a better comparison for pricing of semi soft coking coal see the quarterly Southgobi a currnet miner of Semi soft coking coal. Your looking at approx $50.00 a ton for contract prices and higher for spot. Hope this information helps and DYOR.
GB
TVN Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
