sammey,
Up to you what you do with your money but -
Chinas demand set to pick up end of this year (and importing 1btpa by 2030);
India imports set to be massive with Power project developers allowed to pass on fuel cost to consumers (current coal shortage about 200mtpa);
Indian government forcing end users to ensure energy supply;
End users scouting the area for assets;
Resource upgrade imminent;
GVK/Hancock to get federal approval this month (adds massive value to EER);
MDL should be in soon;
Current 1.2bt resource valued at .02c pt insitu (once resource upgrade is done will be valued at 1c pt insitu) - hancock sold for 17c pt to GVK, linc to adani 30c pt;
Abbot point has more than enough capacity to accomodate EER;
All good for EER - extremely cheap at the moment.
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