it’s beginning to get a little worrying.
I still think there’s a decent chance we will go down to longer term average prices before any bounce ($50-70 USD a tonne). It’s a little worrying due to holding WHC, TER, YAL and NHC.
I think all will be loss making at those prices. Might be a good opportunity get get costs down though, as rampant cost inflation has been breathtaking, particularly for WHC.
I’m also interested in how quickly and to what extent these companies can pivot back to met coal.
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