Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: AuBug who wrote (60082)	6/21/2008 9:37:03 AM
From: E. Charters	of 78411

A hundred to 150 bucks per tonne. It could double in price over the next two years. Forget the energy math. What you pay at the dock since 1996 has increased a tad. Quality does matter. Energy in the coal dictates the prices. GXS does not know what they are doing with the coal yet, so exact prices are [partially] irrelevant. 100 foot thick coal seams are easily exploitable, and the stuff can be shipped to many locations. Mining should be cheap. "Coal as a traded commodity The price of coal has gone up from around $30 per short ton in 2000 to around $130 per short ton in 2008. In North America, a Central Appalachian coal futures contract is currently traded on the New York Mercantile Exchange (trading symbol QL). The trading unit is 1,550 short tons per contract, and is quoted in U.S. dollars and cents per ton. Since coal is the principal fuel for generating electricity in the United States, the futures contract provides coal producers and the electric power industry an important tool for hedging and risk management. In addition to the NYMEX contract, the Intercontinental Exchange (ICE) has European (Rotterdam) and South African (Richards Bay) coal futures available for trading. The trading unit for these contracts is 5,000 tonnes, and are also quoted in U.S. dollars and cents per tonne. EC<:-}

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