I agree Beardy this should be worth at least 20 cents once they reach 3 mtpa. A 3 year wait is nothing in the scheme of things and who knows we may even have higher coal prices than as well.
All the big players know that the modern world cannot do without coal, even Germany which lead the world in Wind turbine technology is bringing more coal production back
online.
http://www.platts.com/latest-news/electric-power/london/german-coal-fired-power-rises-above-50-in-first-26089429
Nuclear power was looking like the energy darling until the Fukushima disaster which by the way still remains unresolved. People are very wary of Nuclear power now and most Politicians in the West will have a hard time convincing their population of it's merit when we saw clearly what happens when things go wrong. Australia should never consider Nuclear whilst we have an abundance of coal.
On an off topic look at the closing auction, someone/ party was keen to make sure it closed at .032 with a massive $115 sale lol .
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