OTCPK:NGMBF - Post by User
Comment by
Wortepon Apr 03, 2009 8:44pm
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Post# 15896110
RE: US coal burn index slumps 10 pct yr-on-yr
RE: US coal burn index slumps 10 pct yr-on-yrSomeone has already said the following, patience is the key!!
With the economy in the state it is in, the use of coal will naturally wane. Less is required due to the slump in sales of autos, home appliances and all consumables. So a decline is only normal. I would think 10% is minimal. The use of propane in BCs interior is also having problems, as people who once used this to heat their homes are now using good old wood. This is due also to the economy when out of work you simply make due. One day this will pass, but you have to remember is people will still have to use electricity. And isn't this the major use of much of the coal produced today? I believe gold is the key at the moment, and coal will again come up a winner in the future. So I choose to hang on to both my coal potentials. Of course this is my opinion only.