all about the PCI price, Now BHP contracted its HCC price at $170, and PCI pricing normally has about 25-30% discount on HCC pricing, which is around $120-$128, plus hit by the royalties, Baralaba margin is quite low if not in red. Anyway, BFS is the one will give us better idea how economic Balaraba mines are.....
But I don't expect Met coal price to stay that low for long....
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