Following article from SteelGuru :New coal boom in Galilee Basin...

Following article from SteelGuru :
New coal boom in Galilee Basin look economically marginal - Report Thursday 05 Jul, 2012

" It is reported that there's a little problem with Australia's newest coal boom, a fair proportion of the mega mines proposed for Queensland's Galilee Basin look economically marginal, or worse. That doesn't mean Galilee mines won't be dug and dug deep on a scale that dwarfs our existing coal open cuts, but it does make it unlikely most of the six or nine alleged projects will survive bankability testing. The Galilee coal seams are a long way from port as much as 500 kilometers and are relatively deep, requiring a lot of expensive removal of dirt and rock before getting at the good stuff. And not all of it is of particularly high quality.

The transport and strip ratio challenges have Queensland mining types estimating Galilee coal would cost between USD 65 and USD 90 a tonne FOB. And that's just the cost without any margin for profit or error. Thermal coal has been trading for about USD 100 a tonne, but started this week a fraction below USD 90. ..."

http://www.steelguru.com/search/index.html

Just another feather in our cap, imo.
The strip and rail cost (over the resource) doesn't include setup or Port construction costs.
Sale prices from Sth Gobi Res info, is about the costs noted above.

Also note the seams are at depth.

Bades well for the Mono potential.

Cheers :)