Come on Bandanna ... Do something!, page-8

Actually, $65 cob per tonne seemed higher compared to cpls vista with 56 (Canadian loonies). per tonne. I was thinking that it was why cpl had a mc 3 times the size of bnd. Resource sizes seem similar, perhaps larger for bnd because it has half of the Gailee basin site of 19mta over a 35 year mine life.

The difference between cpl (assume whc also has sites with lower prod costs) is why we want to see any downward revision to the 65 number and then the market reaction. The cob costs don't include gov royalities, so add that and take it away from the current coal prices and the margins are still relatively thin.