RE: RE: parity is GoodI change my view. The way I see it, parity is not good for NAG. Here is the reason. NAG pays the contractors/workers/equipment, etc. in US $. They then sell the coal in US $. See my two examples below:
Example #1 (DOLLAR AT PAR)
--selling price = $58 USD
--expenses = $40 USD
--profit = $18 USD
at par, this is translated to $18 CDN
Example #2 (let's say dollar is $1.03 --as in a couple of weeks ago)
--selling price = $58 USD x 1.03 = $$59.74 CDN
--expenses = $40 USD x 1.03 = $41.20 CDN
--profit = $18.54 CDN
So in example #2, NAG makes more by
.54/ton. Multiply this by the thousands of tons they will produce, and it makes quite a bit of difference. Even at 8,000 tons/month x 12 months, you are looking at at least $51,840 (and that's just mine #1)
Every agree or will the debate continue???