Ann: Cokal to Develop Underground Coal Production at the BBM Mine, page-96

let's put it simply

1) CKA guidance are from two years back on ASP and cost

2) compare the costs increase of every single miner in every single jurisdiction globally -- costs have gone up 50% + every single place. why does one think CKA is any different

3) CKA already mentioned in their quarterly that their coal has more ash then they thought it would be, hence the market is assigning a bigger discount to its coal then what they were expecting. so it's already there -- ASPs are much much lower than what they guided for

4) name one coal miner in the world which reports sales volumes, but does not report ASP and AISC ? name me just one miner -- and it can't be CKA, name a new one