I wouldn't worry. If... and that's a big if we went anywhere near those prices (50 AUD/tonne) all the smaller players without enough cash reserves, which from that list maybe only TER is an issue, would go bust. That would leave WHC, NHC, BHP, Glencore etc as the only game in town. With it basically impossible now to bring on new supply, when the next bull market starts it will be epic and destructive, $500 AUD/tonne will look cheap. Having some equity in coal will be like owning a lottery ticket.
NHC Price at posting:
$5.11 Sentiment: Hold Disclosure: Held
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