RE: Nice update22 Oct 2021 08:52
"This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne* to US$451/tonne* over the last year. Moreover, the price of coke, the product achieved through the 'cooking' of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of circa US$670/tonne
Anyone remember Carl saying in an interview they were looking at the offtaker building Coke batteries on CGO's site?
That would yield a mouthwatering $670/t!
$400m revenue per year at 50k tpm(!)