Cockatoo coal, page-5

Ok.... so PCI is sold as at a discount to cocking coal of about 30% but this varies depending on market supply and cycles, it is def considered a met coal and is fed into the bottom of the furnace to save on total energy consumption, or other words total cost to produce steel...

Im not sure what BHP has to do with pricing of future coal prices but i did discount this to $250 - hence
$500M revenue.

The share were agreed to be consolidated at the AGM this week as posted so there is no longer 77B shares on issue after the relisting (now only 154M).

Again i cannot see the stock being shorted due to;
- high met coal prices(PCI trades at a discount to met coal)
- preso say production restart 2nd Qrter
- debt striped away in the DOCA along with Take or Pay contracts

Yes agree it will be interesting to see what the market thinks about the price, again my view is a rise due to market cap - not sure what you put the value of the company at in your calculations?

RT