general thoughts and coal..., page-32

Saltbus, that's a good question.

For this to work as a coal project would require thermal coal prices and demand to rise substantially. The problem that CTP would have with this is that every coal producer will also gear up production.

Another scenario would be if all current ports and future port extensions were at capacity. However, these are planned years in advance,with all the large miners well aware of restraints.

In my opinion, the only way that this would work as a coal mine, is if the company waits a very, very, very long time for coal demand and prices to increase.