One observation is that the increase in the realised metcoal price % against index indicates that a lot of coal is sold on 3mth pricing.
eg if the index was 160 last quarter then realised price for the current quarter will be 75% of that.
so the low point of pricing will be Q1 next year.
Also total cost including depreciation are confirmed at us$90 per tonne. This is not lowest quartile.
glta
Ann: Quarterly Report - September 2019, page-4
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