As you would be fully aware, the Kangwane BFS will be finalized next month, so things should be a lot clearer. In the mean time, all I can suggest is dropping Ian a short email about your concerns re the marketing of the Kangwane product. He has always got back to me within a day or so to technical queries I have had, and seems only too pleased to help. From what I can tell, their assessment of coal quality at Kangwane has only increased with time, and they seemed fairly upbeat about the likely outcomes of the Kangwane BFS in a recent release.
HWK Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held