Target $18.72, page-10667

WHC Coal mix
70% coking
30% thermal

The mix is what WHC thought would happen. As it's a mix by sales revenue they have so far been wrong due to the decline in met coal prices. Let's hope it's achieved by an increase in met prices (looking at the last few days it's good to see the price start to recover some of the previous price falls but there is still a long way to go) and not by a decline in thermal prices.

The point about the rising AUD is a good one as further rises will have a material impact on profit and with the RBA looking unlikely to cut interest rates this year there could be further appreciating of the AUD.