Mate - it all depends on coal quality which dictates coal pricing, the strip ratio which varies from one mine to another and logistics. No 2 mines are the same.
Check out IB Daiwa's announcement today to take an interest in a coal mine in Kalimantan. Could these 2 events be related? Could IB Daiwa be ADD's joint venture partner?? IB Daiwa did not prove itself smart in taking a stake in ADD in the first instance. What do you make of this?
Ann: Consideration of Sumatran Coal Project , page-15
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