Another consideration.Let us assume that BME supplies 100,000 t of coking coal per month at a very low cost.Makes 300000 t in q.3.At the current 240 USD = 360 AUD, there should be 100 aud/t cash left over.Makes 30 million.They could sell the other 300000 t (thermal and bluff) at 0 and still be in a good position. Maybe the margin is higher or smaller. But the other 300,000 tonnes will certainly yield something.What do you say?Where does your scepticism come from?Please go into it instead of beating yourselves up.Please correct my thoughts.
Another consideration.Let us assume that BME supplies 100,000 t...
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