If we get a return of Russian coal with Trump ending NATO aggressions, then 165 plv & 120 newc would be close to the mark by my estimates... so there'd be a need for cost reductions back to $110/t, which isn't impossible, and from here to give pe relative to peers and wider market we'd need to see a five handle. A four handle would be backing up the truck... but I struggle to see that from here... so I'm setting my buys in the five range.
If we get a return of Russian coal with Trump ending NATO...
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