You are making one massive mistake.
The Deloitte report is quoting "managed" tonnes and not "attributable" tonnes as I stated below.
If could own 1.0% of a BHP iron ore mine producing 100Mtpa. You can not say that I, therefore, produce 100Mt but only 1Mt of "attributable" iron ore.
FLX owns 100% of Yarrabee. But lesser stakes in the other mines.
And with coal you can NOT lock in prices (like gold) going several years forward. the coal industry works differently.
If you lock in high prices and then prices fall, the customer may just not send the ship to pick up te coal. Seriously!!!
Look at Macarthur Coal over the last 12 months. Arcelor Mittal refused to accept shipments. So there is no long term price locks. Just the next 12 months.
So it is your issue if you can't "accept" this
27 dollars a share - respectable bid for felix, page-28
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