Coking coal at 6 year high !, page-27

@indocopper where are all your bearish coking coal analysts and targets you were talking ? I remember you throwing $110/t as a benchmark figure ... wayyyyyyy off

Both @ShareJagger and myself said QLD storm season would do wonders for the pricing .... coking coal up 100%+ to all time and Posco negotiating benchmark price at $200/t+

Coal will now remain at or above $165/t for the next year and a bit, more than double CKA's opex figures

The NPV of this project with benchmark coal prices over $200/t would be close to US$400M+

They require around 1/9th the NPV for capex, these are outstanding numbers

See you at 10c