Remember @Sector Lead it once reached $330/t when a few things alligned a few years back
There's been next to no new investment in coal in years. QLD has production issues according to a few sources and China just cut working days drastically and are suffering supply issues also. India is going to be a big consumer over the coming years also
I would not be surprised to see overshoot and hit $170-200/t which would light the space up big time
I still expect CKA to get a renewed takeover bid, perhaps 8-10c which would be a absolute steal given its potential with current spot prices and NPV of $360M+
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