Not just Iron ore, but also steel making coal is set to rise as well! India is becoming more and more of a heavy user of choking coal than China! I think either 2 things going to happen here with CMK.....One is an all out buyout of the company (619million tons of reserves--who would not want that!!!) even at around say $400-$500 million--I would take that and run! The other is the worst case for us shareholders with massive dilution and than a reverse split say 10 for 1!
I am thinking more and more now is the time for a miner or investment consortium to be looking at CMK and buying them out cheaply here as the choking coal market is improving and will do well this year IMO!