LNC linc energy ltd
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adani aust. head quits $11 bln coal project, page-5

  1. brydos
    495 Posts.
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    20/05/12
    16:17
    Post #: 10199893
    I don't assume a margin ... I just assume the mine moves into production. So my assumption is really that the investment and ongoing operating case for Adani remains positive and they proceed. If that happens the royalty gets paid at $2 indexed regardless of the actual price for coal. Hope that makes sense.
    LNC Price at posting: 68.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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