Whats "revenue share true up" represent?.Queensland royalty looks low..Assuming 5% returns on 600m NPAT & 50% payout of such, I'm looking at a $7.50 share price with no consideration that we're at the bottom of the cycle. Translating similarly, every $10 rise in coal price translates to $3.75 rise in share price if a 50% payout is maintained. So a $20 BP to coal price gives us $15 SP... Which is in my 13-15 estimate... but don't worry, because bell boy said it's not going there... Lolz
Whats "revenue share true up" represent? . Queensland royalty...
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