Inserting the following key spot variables into a valuation...

Inserting the following key spot variables into a valuation model (and which will see many many mines close down if they persist and has wiped out over 80% of coal miners market cap):

US$/t (FOB benchmark) $85
A$/US Forex $1.05

MDS NPV +$76.2M
Retained earnings $181M

If you insert -20% on expected LT prices and par forex

US$/t (FOB benchmark) $100
A$/US Forex $1.00

MDS NPV +$162.2M
Retained earnings $352M

Conclusion: very!