The NSW planning assessment will be very very good for the long wall expansion, and it will happen. Remember there are two recourses, the Russell Vale and Wongawilli - both have high grade coking coal, which is in great demand in India.
Furthermore, after a timeout of about 6 months, WLC will be resuming shipments in mid april, the coal is ready to go. So there will be some real and positive cash-flow.
the fact that Jindal and their buddies own 95% of the share shows how tight the register is, there are a few very small shareholders out there who had parcels from the old GNRE, but these parcels are 'gonged and forgotten' (like the pun ????)
WLC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
