I think coking coal prices stay where we are for a few years more, if you look at deals where mines were bought eg IMC to GM3 the contingency payments have coking coal price around the $180/$190usd/t mark. I think consensus sees it around these levels for a while, but that's just the coal market cycle, works around 7 year cycles, booms and everyone makes bulk cash, busts for a few years and everyone says how much coal sucks and mines go offline but I guess gives you opportunity
Coking and Thermal coal prices...where are we going?, page-13
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