Biharinath has nothing to do with the go or no-go policy. The same coal block has been given to two different companies, it is very doubtful whether this will ever go ahead. The other company has first preference, so I wouldn't hold your breath. I have discussed this previously, so look back on previous posts. Think about the Prism Cement contract, AUD$28/tonne of coal delivered to Prism Cement for the next 30 years, there is no announcement about any increases just a total project price of $249 million. Who knows what the price of coal will be in 5 or 10 years, what about 15, 20, 25 and 30 years from now. What about inflation, what abpout wage increases what about increases in consumables. Unfortunately we are paying top money for a pack of idiots. they talk about a IRR of less than 18%, it's the same clowns who said Surda would be profitable. If I could get my money back I'd dump this garbage on Monday.
IRL Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held