Nice thought bubble. I don't think you realise CRNs Curragh mine supplies 4Mt/yr to the Stanwell power station at a ridiculously low price with high royalty payments. Its a brilliant deal for the QLD government and not for shareholders
In the March Quarter, Curragh received US596m-554m (Coal Revenues - Met Coal Revenues) = US42m for supplying 2.8Mt-1.8Mt (Sales Volume - Met sales volume) = 1Mt of thermal coal at a cost of US131.3m (Operating costs per Mt sold). ie it cost them US89m in the March Q to supply 1Mt thermal coal to Stanwell. And you want that to apply to New Acland, which unlike Curragh has no met coal to try and make the numbers passable?
Nice thought bubble. I don't think you realise CRNs Curragh mine...
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