The way I read it, from present agreements, from 2027,
* Stanwell goes from 3.5mt to 2.2mt - improvement
* The 2.2mt increases from the current roughly A$25/t to A$50 - improvement
* From the 1.3mt difference, 0.8mt goes into this agreement at US$37.5/t (A$57/t) - improvement
* 0.5mt left over to sell at market prices (US$100/t or A$150/t) - improvement
If CRN had the cash, they would never agree to this (its still well below market prices), but they need to make it to 2027. The liquidity is more important at this point.
One should also remember that mammoth ramped up should boost met coal by roughly 2mt which will help.
So its all about getting to 2027 and ideally coal prices recovering a bit.
CRN Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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