The landed price of Australian coal in India would need to be about $85 a ton for a new power station in India to be viable, said Michael Parker, a Hong Kong-based analyst at Sanford C. Bernstein & Co." ends.....
india has NO CHANCE to get coal anywhere in australia or indonesia at that price,especially coal with a calorific value of 5000 and above.
so if both ESI and MNM/EXERGEN bce PRODUCT is between 5400 to 6000 equivalent to some of NSW black coal ,equivalent in calorific value only as Latrobe Valley has lower ash and sulphur levels than black coal so the BCE PRODUCT is of higher quality.
the 2 billion was for production at 3000 tons per hr which is a staggering amount of throughput.
BCE export market there is opportunity for a number of companies ESI / MNM / LIGNITE ENERGY coal to gas ,but not listed on the ASX. Agree PAID co operation in a new BCE industry can only influence the government funding in a positive way to large infrastructure funding / transport ,port of hastings.
The slurry pipeline or railway upgrade to hastings both companies will have an end product that will have an excellent profit margin to black coal .
diversification is OK.
MNM Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
