I think Yancoal for BW and maybe Daunia. For China, it is not about cost, it is about security of supply of this essential commodity.
Winchester South, big project, SSCC, viable at current SSCC prices but not a slam dunk project. Very low yielding coal.
I went to WHC presentation on Winchester a while ago with 80 industry experts. consensus was that it was a marginal project even though company tried hard to promote. After meeting I bought 40,000 WHC shares based on the broad information given about the company.
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I think Yancoal for BW and maybe Daunia. For China, it is not...
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