If the most recent presentation is to be believed our funding gap may be reduced:
"Ongoing tightening and optimisation of costs"
and:
"Japan (Coalspur’s closest market) is burning record amounts of coal:
Seeking Canadian coal for reasons of diversity, quality and proximity to market
Pay a premium to the market to ensure certainty of supply and quality
On-going discussions with power utilities"
Funding gap may be filled with coal pre-payments, off-take.
The coal price has languished for quarters now, we need a price recovery and a clear path to 12 mill tonnes p/a to see any real share price recovery.
We wait
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