COK maybe a "PRIME" takeover target but not until it's derisked futher.
Look at RIO on RIV. RIO ensured that it's investment return was immediate and could be enhanced prior to making a move.
COK wont be producing significant tonnes for sometime yet.
Once the missing link is completed, then COK may become more appealing.
Regards
Rogerm
coal stocks boom except cockatoo, page-13
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