WHC 1.62% $6.91 whitehaven coal limited

Target $18.72, page-3126

  1. 12,266 Posts.
    lightbulb Created with Sketch. 1519
    So where would China find other coal?
    USA too WOKE
    Canada too WOKE
    Kazakhstan yes but very expensive.
    South Africa disorganised and corrupt shambles
    Mozambique worse than South Africa
    Columbia yes some but I suspect expensive
    North Korea yes but small reserves.
    Australia???Well this is only country that can meet the demand.
    For this reason I believe that this year China will restart imports from Australia to incentivize Australia to start new mines. Galilee Basin would be to China's benefit to open. There is one potential mine there100% Chinese owned that has a plan for 100 Mt per year. In the north of the Basin.
 
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