Ann: Coal Off-Take Finance LOI and Maiden Coal Sale, page-256

yes not as simple

Cokal gets 60% of it for starters

and they pay mining royalties on top of that of 7%

Still humongous figures.

However cokal should get a premium price due to the low ash low moisture low sulphur low phosphorous content.

@ShareJagger made a very informative post on how these lower % add up to the premium price but I didnt bookmark it - may be he can dig and repost

the research report has suggested it would take 12-18 months for the BBM mine to come online. Cokal said 6-8 months. I think a fair estimation is somewhere in the middle of around 12 months. However strange things happen when you have money to spend.