coking coal assets, page-19

THere were still mine development costs for phase 1 etc. as per the cashflow statements. I wonder if part of the mine development cash included any prework on the open pit areas? I assume not otherwise what would the debt in plaec to fund NCC be used for if all cash went into it....

usually cash is king but if they can borrow for cheap to fund the two mines (NCC and BRakfontein) while prices are high, then to me it is good debt used wisely.

I'll post something i saw in the fin review.. made me wonder about what other coal tenements ready to produce were up for sale... might be a good chance to find an export quality thermal coal product that is still decently priced being offloaded by a junior taking advantage of the current price rise to get out of their project or keep the business afloat. In this case using cash here (and debt for the mines) would be a smart move IMO.