With AUD falling, November high of 77c down to 71c will add further value to RRP by 7% as we are selling the PCI in USD$.
Coking coal and PCI are priced very differently so I wouldn't be concerned in the fluctuations in coking coal.
The contract price of USD $180/t is locked in until end of March 2017, even at USD $133/t foxleigh is making very healthy profits.
We just need to start trading. I'm hoping 1st week of January, could be this week who really knows.
I hope everyone had a great day and Merry Christmas to all.
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