If production improves Q on Q, I suspect another $400-$500Mn cash generated from ops this quarter. If coal price rises 10-15% in the coming, another $600MN on top could be banked prior to Christmas ...
Risks are skewed now to price paid for BHP mines (if WHC get them), but if earning accretive (coking coal price on the move too) & not followed by a writedown after purchase, then it could be a transformational 12-24 months (if Winchester gets go ahead & Vickery start up is successful)
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