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Strategies & Market Trends : Ride the Tiger with CD

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To: Proud Deplorable who wrote (21959)	11/26/2004 1:57:42 PM
From: hank2010	Read Replies (1) of 312308

Coal dust could be better than gold dust! I have not been in a coal mine in over 20 years, but am recently speculating in this sector. As I stated earlier, I got into CMK early (.18 to .30 range) because of their gold property. Still holding a good chunk, because of the gold, because of their quality coal deposits and because of the Japanese involvement. (if they think it is a good deal who am I to differ). I reckon I got bitten by the coal bug. Coal at $120 per ton is equiv. to .267 oz gold per ton (9.15 g/t). When these guys start talking 300 million tons at 9.15 g/t, it sorta grabs your attention. I spread a lot of my profit from CMK around on some other spec plays as follows. SN 41.4 m shares O/S 300 to 600 million tons in Australia. Close to infrastructure, close to markets and IMO Aussies are the most aggressive in the world’s mining industry to-day. See Ride the Tiger post # 21722 by “retired in Aus” for a good summary. CHX 12.9 m O/S coal properties in the Yukon. Potential for coal bed methane as well. Lowest cost entry fee to play the game but low level of infrastructure in the area is a concern. HLB 32.2 m O/S, is a producer! Albeit a small one (EPS of $.05 for past 9 months). Mainly producing high quality coal for cement kiln feed etc. from underground. No spot sales in the past quarter all sales under contract. But the big story is their deal to acquire Cumberland coal in Tennesee which is an OP producer who must go undg. HLB has the expertise. HLB also has potential open pit coal in elk Valley of BC, and potential for coal bed methane. this is the safest IMO. RAC 15.5 m O/S. They have 300 million tons of thermal coal about 100 miles SW of Denver, Colo. They have signed MOUs with Kiewit (one of largest US contractors and experienced coal mine owner/operator) and with Black Hills Power (a electrical utility power producer/marketer ) to study feasibility of a mine mouth generating station to supply power. This is my favorite, right now.

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