http://www.theaustralian.com.au/bus...e/news-story/8dc4cbccc79eabf9e9dd247f0773c09c
“Since the start of November, the benchmark price of iron ore, the nation’s biggest export, is up 25 per cent at $US73 a tonne, while coking coal, the second-biggest earner, is up 47 per cent at $US262 a tonne.“
Coking coal prices looking to still continue to surge. Can’t be ignored for much longer at these prices with an NVP of USD$400+ million at a spot price of USD$160 a tonne.
JORC update for Redmoor also due this quarter and expecting to have a significant affect on project valuation
Ann: Redmoor Phase 2 Results, page-89
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