mcc target price of 7.50, page-9

when the wet was going on, the sp of mcc was on where the balance point you put between lost production and coal price appreciation. mcc's ann says "significantly higher USD sales prices (partially offset by a strong Australian Dollar, slightly higher mining costs, and the impact of lower production levels due to the extreme wet weather)". That question answered in mcc holder's favour.

Then in Macquarie Report, "we see fundamental issues with the broader longer term growth strategy of MCC". Now mcc says its managed coal resources increased by 38%. I think that is more or less a reply to macquarie's concern.

We will if this run up can break out or not.

Good luck to holders.