Target $9.36, page-686

With inflation and a global shift in energy market pricing, the potential for $20 is real. Myself, I don't think it will happen before Christmas, however, over the next two to three years, the slow creap towards twenty dollars is a very real possibility. Macroeconomic factors across geopolitical boundaries may also influence the speed and distance that the price will travel.

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With inflation well under way now, it's clear that we're not going back to coal at $50/t as we move forward. In another thread I put forward the idea that the coal price will settle at somewhere between US$275 and US$480 per tonne. I still stand by this call. With extraction costs of under AU$100/t it's a very real possibility that we will see a share price of $20 in the next year or two.