Thermal coal now at new 2.5 year high of US$86. Was last at this price Jan 2014, when NHC was $3.20.
AUD/USD 0.76 (now) versus 0.81 (then).
And NHC has switched their cash into 40% of Bengalla at the bottom.
So where will SP be if Acland is approved?
http://www.tradingeconomics.com/commodity/coal
12 month highs playing catch up to the coal sector, page-13
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