S&P report This report is a joke - see below. It reads like a computer generated it from pigeon-holed factoids input by a data reader. The excerpt below is talking about coal demand and prices in the US (yes, I know; "the center of the world"), which has nothing to do with Prophecy's markets of Mongolia, Russia, China, Japan, and Korea. Demand and pricing are completely different in these markets for Mongolian coal vs US coal. "The EIA estimates that coal supply increased 4.4% in 2010, primarily on inventory withdrawals, as primary supply rose an estimated 0.3%. In 2011, the EIA estimates that total supply will fall 2.1%, and projects that production will decrease 1.7%. For 2012, total supply is expected to increase modestly on production gains of 0.3%. In our opinion, production levels and exports are likely to increase in future periods, as U.S. coal producers increase production levels to meet growing domestic and international demand, primarily in 2012. According to the EIA, coal inventories totaled 176.5 million tons as of the end of June 2011, or about 62 days of consumption, by our calculation. We think coal inventories remain high -- above the average of about 50 days of supply.According to the EIA, U.S. coal production decreased 0.5% and railcar loadings rose 0.2% year to date through July 9. Over the past 52 weeks, U.S. coal production and railcar loadings both increased 2.3%.Year to date through October 14, the S&P Coal & Consumable Fuels Index declined 38.5%, compared to a 3.0% decrease in the S&P 1500 Index. In 2010, the sub-industry index gained 26.7%, versus a 14.2% advance for the S&P 1500."