Re: Sinbad, Tip for the Day..Buy POTASH
in response to
by
posted on
Apr 16, 2008 01:35PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Sinnerman..
I bought HLB a few years ago during the last coal bull cycle and HLB has had some problems with mechanical breakdowns in its Crossvill mine(Tennesee,underground) and the price of coal has been spiraling down ward since 2005..But the price of metalurgical coal ,which HLB has in abundance in BC and open pitable is off the charts..and it is over $300.00/ton set this April between Japan and BHP Biliton..
Meturalogical coal prices are set once a year in April..The highest coal price I can remember during the last bull cycle was $135.00/ton on the spot coal market ..and I made a ton of money..
so although HLB has been a weak sister in the past it is getting its problems squared off and ready to do some serious met coal mining..IMHO..
I expect at least a double this year,if not before, from todays price of.88 .....and it may turn out to be the rose in the coal bin,with a few production breaks..
it's speculative,but this is where the money is...
IMHO..
Good luck..