For a second if everyone can forget about charts, global...

For a second if everyone can forget about charts, global uncertainty etc. And look at the now.

WHC are aiming to produce ~6 MT of coal this quarter (between 5.4 and 6.9mt). This is ROM production, not including other managed coal sales.

Current spot coal price/t in AUD is ~ $530.
cost of production/t is ~$80
This gives profit/t at ~$450

450 x 6,000,000 = $2.7b. Most operations are 75% owned, so lets just be conservative and go

2.7 x 0.75 = > $2B

That is a Q4 earning of $2b EBITDA. That is almost 50% of the entire market cap in profit at current spot price in quarter 1 alone. Even if you put coal price at a discount to spot, full year earnings at current spot prices (which although feel unsustainable, have endured in an extremely elevated state for > 6 months now) will exceed current company market cap. Not revenue. Earnings.

WHC is a lifeboat and lately the ASX is the titanic.