adani aust. head quits $11 bln coal project, page-4

"The price of coal doesn't matter... although I obviously assume that the mine actually gets into production etc."
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So what's the net margin per tonof Thml coal, u've assumed in yr model? Thermal coal prices r down for now, so u need to factor a value for that, & their actual costs. Difference should b the margin/ton.

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Meanwhile to the north, Vale have engaged with QRN for a study on the rail line for their Degulla deposit in the Galilee. Waiting to hear what MacMines comes up with at their '3.75bT resource China Stone Project', next. This sits between Degulla & Carmichael.