The value will really be realised if they can start to get the operation humming and coal prices continue to rise. We certainly missed the last peak; is there another one around the corner.
SJ, I recall your calcs back around this time in 2021 and again in 2022 when coal was around $350-400/t and we were talking potential earnings of $100-120m a year for less than 1mtpa. Be interested to hear your updated current annual view. I am sure it has changed, with the only constant being that first sales are close.
The value will really be realised if they can start to get the...
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