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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (120740)6/27/2008 12:45:16 AM
From: hank2010  Read Replies (2) of 312532
 
I am certainly not saying it is smoke and Mirrors. it will be the biggest story 0f the year! If I believed it was smoke and mirrors I would not be a shareholder. In fact I am selling almost all of portfolio to buy GXS and area plays.

I do believe that it is premature to say they have coking coal. They admit they drilled wet (and I do not blame them for this as they were looking for kimberlite) but the wet core would not give them a good analysis. The other thing is the BTU rating seems way low for coking coal.

I think Fred should not be saying coking coal at this juncture. In this huge deposit there may well be huge sections that make the grade for coke. The evidence from the first 2 holes is "no coke here" IMO, and I am not a coal expert!
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