I hadn't really thought this through but every A$1 drop in the coal price means 40c less royalty paid (while the price is over A$300).
At these high prices does that mean that TER is less affected (or should be less affected) by movements in the coal price than other mines outside of Qld? This would apply to both upwards and downwards movement.
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I hadn't really thought this through but every A$1 drop in the...
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