Agree that Glencore will most probably target Elphinstone first (Part of the Hail Creek mine lease) as it is open cut, permitted and already owned. Elphinstone is however directly next to Hillalong in the South, and will have a clear haul to the Hail Creek plant and loop. If that happens, it will definitely make things a lot easier for BCB. Remember that Glencore has a strong trading background and imo would like to get their hands on more coal - either raw or washed.Despite the good quality coal it is a bit early to talk economics, and I would like to see them prove up a resource first before asking Tri to share his modelling skills. Can be huge upside in terms of value if they can prove an open pit resource, even just a small one.
Agree that Glencore will most probably target Elphinstone first...
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