prospectus next week, page-6

"What you refuse to accept is that BCE is not economical anymore to be exported. So forget exporting for another decade out of Victoria."

What makes you say that SP3?

If you base this on the thermal coal prices? Don't you think that some producers will reduce production to try reduce supply so support higher coal prices?

If many producers are already running at a loss, don't you think many high cost producers will go out of business which will also reduce supply and in effect help put pressure on the coal price?

less coal and more demand = higher prices?