Yeah I know about the cost curve, the problem is these forecasts are frequently wrong, if it was that straight forward it would be easy to make money, anything can happen.
What if the Ukraine war ends and Russia starts supplying again, Mongolia ramping up mining etc, both thermal and coking coal could get phased out faster. These may or may not ever happen there are other unknown risks that are probably more likely.
Target $18.72, page-8033
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$7.66 |
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| No. | Vol. | Price($) |
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