If stanwell own - the coal 15 MT. pa - the lease (this is reserve coal so easiest to mine and quality) - the infrastructure and some equip (not specified) for crn to access this 15MT pa coal they - guarantee 2MT pa at a min 26MJ per kilo (coking is 29-36 MJ per kilo) - stock pile by way of monthly ROM ( supply guarantee) - pay up front $210M OR interest accrues at 13% (if not payed till 2038 about $700M) To me this is a fair deal for potentially 13MT pa of quality coal for crn About 190 pages of wrist slapping if crn fail to meet ncsa one of those pages make crn liable for stanwells cost for any shortfall in quantity and quality(ouch) Ques -: can anyone who understands the reporting numbers verify why the US mines are legit closed or is it to give them a zero value
CRN Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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