Kranky, how do you arrive at 500MT of coal at BM for MNM? Should this not be 50% of 2B MT i.e. 1B MT?
Also MNM will still need to pay 50% of all mining costs, rail freight costs as well as any upgrade of the rail line to Geelong and any port upgrades. Exergen are only suppling the CHDT plant as I understand it.
Even so with double the coal reserve, your estimated market value should increase.
jv signed!! , page-41
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