The Bull is Running and there is no stopping it. Being a realist, a 13 cent CCC SP wont be far away, due to the current ongoing coal supply crisis.
More rain scheduled for QLD, so this is not going to get any better for the coal mines there and wont help them getting into production any time soon. This will result in short supply and high prices, and Australian coal companies not being able to fill the worlds demand for coal.
Its been reported that QLD's largest coal supply terminal may run out of coal by the weekend.
http://www.bom.gov.au/qld/forecasts/state.shtml
CCC Price at posting:
79.0¢ Sentiment: None Disclosure: Held