Still think its cheap - see previous posts. It took someone from...

Still think its cheap - see previous posts. It took someone from the outside to realise it. They sell the vast majority of their coal to the NSW government for around A$45t - when they could sell the majority of their existing production (with some capex upgrade - such as washplants) at US$70/t FOB from Newcastle - with existing rail infrastructure and port capacity.

This sale is criminal. And in no way reflects the REAL valuation. It suggests that some dont really get this sector at al

And thats before i get to NSW - who by 2014 will be paying global prices for its coal.