Could somebody with specialist coal knowledge give an opinion in regards to how close are CEY reserves to exhaustion? From resource statement it looks like they still have truckloads of coal, but is it economically viable to develop all of it?
Also, being the only truly independent, primarily thermal coal producer, would it be an interesting acquisition prospect for foreigners (China & India) who are building lots of coal powered stations?
Macquarie research summary has underperform on the stock - not entirely sure why.
Anyways, any educated responses would be most welcome.
CEY Price at posting:
$3.43 Sentiment: None Disclosure: Held