BND 0.00% 8.4¢ bandanna energy limited

Nothing is safe, page-25

  1. 6,072 Posts.
    Agrre HF. In this current coal market - uneconomic even with a satellite open pit operation.
    Thermal coal price needs to be above $100 and even then the returns to investors are average - even more so for an underground huge CAPEX dependant mine. As profitmann stated, who is going to fund such a huge investment in the current climate if ever to be honest.
    Coal is no longer King Coal and possibly will never be again. JMT.
 
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