Pretty hard to believe that coal is going for less than $35/t....

Pretty hard to believe that coal is going for less than $35/t. 4500kcal might go for that, but 5200? I'd have thought more like $40-50.

Perhaps it's something to do with the trial shipment. They just need to get the price up over $35 and they'd get $2.50/t for it instead of $1.

It's a pity because other than that things look good. 80,000t per month is almost 1Mtpa. If they can get the $2.50 they will be fine, but at $1.00 that's $1M per annum, minus 500k for admin and 500k for debt, that leaves nothing left.

Question is, can they survive in the meantime with only $50k per month? That barely pays their admin costs, let alone their debt repayments. They will need another source of cash immediately or it'll be curtains.

Assuming they can, it all comes down to price. $1/t they will barely hold ground. They need $2.50/t minimum.