Only thing that will kill coal price is supply.
Demand will keep increasing 3% per year.
Supply could be increased from Australia in 4 years time from Galilee Basin. GVK Hancock, Palmer's Waratah, MacMines. I worked on these and potential for 150 Mt/year feasible.
Adani has to give access to rail line and Abbot Point port.
Target $9.36, page-85
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