Nah, just a coincidence. This report has been done by an imbecile. """We consider CKA’s resultant NPV of ~US$255m as conservative based on the assumed product pricing US$170/t for coking coal and US$145/t for PCI (even accounting for the variability to benchmark prices as reported by Platts). Additionally, there is good potential for further increases in the global resource and further increase mine life and this should lead to an improved project valuation, with increased mine output a likely scenario. The project payback period of one year is appealing and certainly the sustaining capital being funded from projected cash flow presents an attractive scenario if the project achieves the results from studies completed."""
CKA Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
