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One those asset pricing benchmarks is Winchester South. A smaller but shallower coal prospect than Olive Downs, it was bought for $US200 million in June. The seller was Rio Tinto, the buyer Whitehaven Coal.

And, given Winchester South sits between Tudor's projects and the Norwich Park rail spur that will take his coal to market, we wondered whether it might be sensible that the two newest proponents of Bowen Basin coal projects might want to talk about co-operation in the name of synergies.
"We are always interested in any idea from anybody about how to share synergies," Tudor said. "We are open to anything that has a beneficial impact on the project."
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