re: Ann: Option to acquire Queensland coal a...
Conarco/XLX retained bundaberg, Styx, springsure and the one closest to blackwater. Im not too upset about that, Styx and Bundaberg would have been a waste of effort (money). Springsure could be a goer but was retained. Eromanga will be pointless, too far away and more than likely terrible coal, Just like Alpha is. My hope for the Alpha deposit would be to prove up a large resource of that terrible high ash thermal coal the indians dont seem to mind burning and flog it off to the neighbours.
The Emerald deposit is the one that sticks out for me.
Cmon Streeter, hope you've pulled some magic to get me back to break even!
FXR Price at posting:
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