That $18.06 has an (est.) after it - so it really is not an accurate figure - it's an estimated figure.
The figure I am using is what I believe AGL valued the coal at per tonne in the recent bid for the whole of LY.
Nevertheless - hopefully ESI can do a deal with AGL where they can get the feedstock for zip and share the profits of any BCE deal - that would be a good outcome.
Prudent to recall WEC also had a cheap feedstock until the supplier gouged them. Their operation subsequently became uneconomic, has now closed down and a billion dollars in investment is down the gurgler.
I suppose one of the benefits of owning the raw material which obviously ESI also see as beneficial with their recent part acquisition of 33 sq km in LV.
Cheers K
ESI Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
