Yeatesy - Cash fob for clermont seems to be $60 per tonne or...

Yeatesy -

Cash fob for clermont seems to be $60 per tonne or about 1.4% higher than Springsure. Seems appropriate then to valuate Springsure using the same $2 billion and also shows there is a lot potential for upside of the current valuation at 1.1 billion that bnd are showing on their website.

http://www.whitehavencoal.com.au/investors/docs/24152812-ubs-australian-iron-ore-coal-conference.pdf

Considering Springsure is only one of bnds play, I think sh can be comfortable on the fundamentals. On a breakout I am sure it wil come but getting the timing right seems to be much more difficult.