COK - What does the future hold?, page-8

I recently saw on the sxcoal website - a Chinese coal company I think - that PCI was running at 84% of the HCC price. I have always pegged PCI at about 70% of HCC. I took that as a positive. If true that the ratios for PCI vs HCC is climbing, and dollar falling, then maybe profitability for COK can turn next 12 months.

On another point, when will steel making technology turn more fully towards PCI as the preferred met coal option. COK has said before that PCI a better efficiency option than HCC, and steel making technology would shift, thus the COK asset sought after. Is this happening? Lastly what happened to the 1.0m tonnes POSCO off take that was promised after the Hume sell off. Heard nothing more of it.