the 20M tonnes - 30M tonnes of Coal TCM are targeting are at EPC 956 and EPC 957 which is part of the Tiaro Coal Dynasty Joint Venture (TCJV- Dynasty JV)where TCM is earning 80% a DMA have a 15% carried interest
so if your doing an EV of the 20Mt-30Mt Coaking Coal you can only use an 80% value