teresa is not for sale at the moment, page-5

PCI coal unfortunately is a coal that sits in non-mans land when it comes to trying to ascribe a value to it as a coal asset class. It’s not quite Coking Coal but is better than Thermal Coal - and has its place in the market - albeit a smaller market than Thermal and Coking. So that’s why you get these valuation opinion discrepancies with the asset and the vendor holds out for a beter price when the buyer declares it`s only worth $x. It`s sellable but as an underground mine it needs Capex of $250-$300 million to get it all going and that decreases its market potential somewhat.