re: Ann: Further Ferreira Mine Extention and ... With the RB...

re: Ann: Further Ferreira Mine Extention and ... With the RB coal price looking set to plunge through $90, it needs a lot more than another six months of mining at Ferreira and a new drilling program to move this SP upwards.

Ferreira is a high cost mine so it's already barely making a gross profit at these prices - net profit to CCC is going to be near zero. Could easily swing loss making if prices continue down.

Also doesn't augur well for Pen. While the RB price is under $100, CCC's SP will continue to tank IMO.