100% dependent on Thermal and Coking coal prices. Thermal has got too cheap and many producers are in loss or heading that way. I need to find one of those graphics that shows the mines by cost of production.
I think that WHC is in lower side of second quartile. So all the Companies in 3rd and 4th quartiles are loss making before WHC submits.
Coking Coal seems secure at current levels due to new supply constraints.
So yes I can see $12 but could be a bumpy road.
DYOR
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Price($) | Vol. | No. |
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