COK cockatoo coal limited

funding options, page-32

  1. 6,458 Posts.
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    I haven't really looked at the specifics of the 100% assets recently but they are at a lower level of certainty than Woori so they probably wouldn't get the same 90c/t that Woori got.

    Certainly they could sell 49% to Mitsui and bring it into the JV, but Mitsui already has three nice big deposits there with the existing JV so I don't see there's really much in it for them.

    Plus even if they got 30c/ton for Tin Hut that's only another $36M for 49%. And Tin Hut is indicated/inferred where Woori is measured. Hard to see how asset sales alone could do it.
 
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