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>Not to shut them down, but to get rich. The large thermal coal producers in Australia eg Whitehaven or Yancoal probably have a nett negative worth at this mom
by aussiegreenie 5y ago
>Not to shut them down, but to get rich.
The large thermal coal producers in Australia eg Whitehaven or Yancoal probably have a nett negative worth at this moment. Yes, they are currently selling coal for a high price but that will not last more than 2-3 years. Then the mines are worthless and you have a huge clean up bill.
Using most DCF models the mines are worth nothing or less.