At current prices, it will be a skinny margin...less royalties for qld govt and less contingency payments to BHP. Worthless, is if met coal prices drop another 10% and never recovers. We cant be too far from the bottom of met coal prices before coal miners start questioning new developments and high cost met miners start dropping supply out of the market. Prices can turn up just as quickly as they turned up. I top up on these falls. Its easier to get a bag when the share price is 5.80 compared to $8.
WHC Price at posting:
$5.84 Sentiment: Buy Disclosure: Held
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