CKA 3.75% 7.7¢ cokal limited

I don't agree, i belive the choice of the index is a huge part...

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  1. 880 Posts.
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    I don't agree, i belive the choice of the index is a huge part of the negotiations and will make a significant difference. $5-$10 difference before the application of any premium/discount adjustments over 2.5Mt is sizeable over the life of the offtake. But nonetheless, I agree a deal is better than no deal, we just need to make sure that we arent stitched because if the coal market tanks the $5-$10 difference now could place Cokal at the margin especially in the later years of BBM when the cash cost is significantly higher.
 
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