CBA believe long term commodity prices for coking coal will remain high.
Notably, they have thermal coal taking a dive…lucky we have only the good stuff!
If this holds true, we are in for many fun years!! They are projecting $225, for coking coal all through to 2025.
As a value stock, we could not ask for much more than those projections…
Any guesses on next quarter dividends?
I’m going with the same as last quarter being AUD 15c, but this time, my guess is franked.
Coal price, page-47
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