RE: Re No Limits30 Nov 2016 14:39
You're quite right, the coal is valuable considering its high grade thermal coal with minimal impurities, we have 20% of it which is good but unfortunately its all down to the operator and its pretty much out of our hands, on a positive we still have intrinsic value with the project and the coal price is bloody strong at the moment, if the operator looked to exploit the asset its good news for us but we can't really do anything until the operator gets a move on. If the coal price sustains the strength over the next 6 months for example, there is more incentive to get coal out of the ground. It's just a waiting game and we have a very good portfolio at the moment which I'm confident we will build on. Good times ahead