In case anybody was hoping fora big Christmas present this year, it won't be from Silver Fields (unless England found someone to stomp around their B.C. properties for free, and they find a 40 carat diamond lying on top of the snow).
From Bloomberg, Monday, Dec.15/08:
"BHP fell 2.2 percent to A$30.23 after saying it isn’t immuneto the “uncertain” market for coal. Macarthur Coal, the world’sbiggest exporter of pulverized coal that’s used in steelmaking,plunged a record 22 percent to A$2.74 as it cut its profitforecast for the six months to Dec. 31 in half. The company alsosuspended its dividend, citing a “sudden and unprecedented”drop in coal sales."
Thermal OR metallurgical, not looking good!
So what's the plan England? SF isn't just going to just sit there and burn up cash on management and admin! GET CREATIVE, AND FAST!