Yep leng market is in bad shape everywhere with thermal coal...

Yep leng market is in bad shape everywhere with thermal coal price and china surplus stock. I think PZC are sitting on a top quality resource which has already passed pre-feasibility and set for resource upgrades in addition this month.

Interesting situation and timing surrounding the off take. I hope the long term value is realised and we're not pushed into a deal based on the current times and short term thinking.

You're right in that one major strength PZC has is the lowest production costs in Indonesia compared to anywhere in the world so....on the other side of the coin the lower the thermal coal price dips projects such as this are rarer and more valuable as they will still remain profitable in down times.

Looking forward to the outcome soon!