cok to rocket : abbott point scrapped, page-23

I would say $50-60 margin is even conservative at current prices. I'm hoping for more like $80. Plus met coal is probably more resilient going forward than thermal.

But none of that answers how they are going to pay back their debt maturing in December or how they are going to replace the $300M SK pulled out from under them. They won't be getting any cashflow from Baralaba for several years yet.

I know they have KEB to fund the BFS but that is a separate funding issue. They are going through $80M a year just in working capital.

Hopefully the SP recovers and they can raise equity from their other Korean partners at more favourable terms than if they tried to do it now at 20c.