Coking coal at US$199.50/t !

Coking coal at US$199.50 !

https://do not advertise external s...k-bullish-outlook-for-coking-coal-market.html

"Strong gains in China’s ferrous futures market on Monday July 31 have led to the conclusion that there is further room for seaborne coking coal prices to rise. Steel, coke and coking coal futures [on the Dalian Commodity Exchange] soared during the day, and all signs are pointing to the [coking coal] market continuing its ascent, according to a Chinese mill source said. The most-traded September coking coal futures contract on the exchange closed at 1,344 yuan ($199.50) per tonne on Monday,..."

@BarrenBuffett care to have a stab at our marketable reserve and NPV based on that spot price

Under their model, if a price of US$240/t is used, the NPV is US$821M or around $1.78 per CKA share. I would hazard a guess our NPV is now around US$400-500M