You would think with all this demand the RP price would be well above the $200 mark...?
$38 mill for a stake in Wonarah is huge and probably not a wise move by NMDC given the state of the markets, however longer term it could be a wise investment. $3 bill would get you probably 2-3 excellent resources that are ready to go so maybe the Indians are weighing up their alternatives, given the continual mention of LCY looking at coal resources in QLD.
$38 mill for wonarah, page-28
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