TVN

Normally when you announced that you have found thick seams of coal, you are talking double digits. For TVN, it has been announcing over 100m thick seams, yet nothing credible is occurring. Perhaps, the experts know that the non-coking coal is trashy or unusable; that kind of analysis is beyond my capability. It is in Mongolia, the new El Dorado for mining stocks.

I am waiting for a big coal producer to come and grab another cheap Aussie explorer. Peabody is next door. And Chinese companies don't know what is cheap.