TER Chart, page-91

Fine work Shaidar1974. Just touching on expected $USD coal prices over the next 12 mths.

I just looked at the graph of US coal prices and tend to agree that an increased EBITDA for this past Sep qtr is clearly on the way however Royalties have now increase in Qld. If the price increase stays across the year then the June qtr will not be ideal benchmark but the Sep qtr would.
The Jun 22 qtr coal prices were well below the current USD $400+. They started Apr at $250 and took until May 17th to hit the current $400 peaking range we have since been use to. I say this to. How many shipments at this lower price is to me uncertain.

Now Qld royalty limits the revenue over $400 somewhat but there are still gains - $60 each $100 increment as the 40% takes effect.

All this is just refining what all already know.