RE: wash plant q221 Mar 2022 23:08
Do wonder if they'll settle into just selling coking coal for a while. Presume with offtake agreements at spot they'll do quite nicely and wouldn't be at all surprised if that doesn't lead them into waiting for the cash pile to build before going down the coke battery path? Would be awfully tempting imo.
"Offtake for Coking Coal
The price of coking coal has increased materially in Q1 2022. To date, the Company has developed the mine without recourse to offtake financing in order to preserve the full sale value of coal. With production imminent, the Company is now in a position to negotiate coking coal offtake contracts at spot prices and leverage the recent increase in the coking coal price. Discussions are underway with several interested parties and the Company will provide an update as appropriate."