Target $18.72, page-10028

With the decline of metallurgical coal prices it's highly unlikely that WHC will be able to reach their target of 70% of revenue coming from met coal in the near term. On the long term chart it looks a lot like HCC pricing returning to normal - I hope not. Good old unfashionable thermal coal is on the rise though so there is some good news for WHC.

What isn't helping is India importing more met coal from Russia and finding a way via Iran's Chabahar port. It appears that India is a friend to most, especially if they are offering cheaper prices.

The fire at the Anglo American mine whilst initially increasing prices due to fear of a supply imbalance in the market later showed that actually there was no shortage of supply and prices have continued to fall.

It may make the price of the Anglo American mines cheaper once they get around to selling them. At this stage it doesn't look like WHC has the interest to buy them & it won't be BHP with their stance on QLD royalties.