Von, I agree that Indocopper is negative on every aspect of such...

Von, I agree that Indocopper is negative on every aspect of such projects. He is well informed about Indonesia but approaches everything as a pessimist.
Price of coking coal increase by 180% ($70 to 180) in a few months. Hold on says Indo this may be a bubble! Brilliant deduction my dear Indo.
Also, 30% of the rise may not apply to Cokal! Bugger, that is only 150% increase.

I suggest that Cokal should be comfortably profitable at USD 85. Let's say:
Mining, road transport, revegetation etc: USD 32
Barging: Say USD 15
Port charges op an maintenance at first and intermediate port: Say USD 6.
Transhipment (loading at sea): say USD 3.

That is only USD 56. So is still USD 30 pay the rest like taxes.
Yes Indo, I know that this is as rough guts but there is some basis for the figures.
My aim is to say that every $$ above say USD 90 is just money for jam.