nihilism , you can't really compare Afrca coal with australia coal. we all know australia have best quality coal in the world.
Try compare with AFR: - Both in same country with poor rail infrastructure - Both coal are similar quality. - Both focus on power station in early phase and waiting for rail infrastructure built by government. - both have over billion tonnes resource.
AFR: - shallow mining ( NMR is 100-150m deep) - cost $12 ( NMR should cost more due to 100m deep) - 112mil capital (6x NMR) - price jump up after feassible study (focus on power station in early stage)
capex/factory cost for africa coal is cheap (check out CCC.asx)
NMR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held