GREY:CPYCF - Post by User
Post by
c0lmustardon Feb 07, 2013 1:47pm
206 Views
Post# 20953537
:)
:) Just want to point out that an EA is independant of economics, good or bad.
If billions of profits are on the line, that doesn't mean approval follows.
Likewise, if the company stands to lose money, the EA can still pass.
Met Coal prices are indeed lower these days; however, one hurdle at a time.
IMO, steel demand will have to increase eventually, especially with emerging markets (...BRIC)
Teck Resources (Biggest in Canada) is still making money off Met Coal at these prices, but they've taken quite the hit.
https://business.financialpost.com/2013/02/07/teck-resources-takes-hit-from-coal-prices-but-still-beats-street/
Have a nice day everyone!