The futures price for thermal coal has now risen to around US$100 per tonne for 2014.
Deloitte's price for thermal coal was given at US$70 per tonne beyond 2013.
Deloitte at figure 13 page 46 of their report gives Felix sales at 22 to 23 million tonnes in 2014. Allowing for royalties this would add about AU$660 to AU$690 million to annual profits in 2014 (exchange rate AU$1.12 to US$1.00)
Deloitte give a Felix Resources valuation of AU$16.70 to AU$18.70.
Time for a revaluation Deloitte. Nearer AU$27 per share for Felix Resources.
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