'LV may soon be referred to as New China,,, and BM as New New Delhi '
Oh dear more regurgitation; can you actually speak for yourself.
Why don't you run back over to the 'yes sir , no sir' channel and ask Hardman what the spot price of thermal coal FOB is out of Australia...Currently hovering around $70 fwiw; also ask is that a plus or minus for prospects in the 'Victorian Pilbara'.
even with Thermal at $70 per tonne, a BCE produced at sub $30 pt using ones own lignite in India would be more attractive wouldn't you think .
'reuters link from sp3 avoid the reality that India couldn't give a rats armpit about the quality of its own lignite being shovelled into its power station boilers,,,,,,it wants cheap imports'
That line makes no sense what's so ever fwiw; you can't import lignite , also they'd be fairly dumb to be filling their supercritical boilers with lignite now wouldn't they...kind of defeats the purpose; so liking the quality of lignite or not , makes no sense; it's not what they want to use directly anyway; they are after energy values and the cheaper the better.
You seem to be totally missing something in your post wrt cheap exports out of Victoria and 'India will burn anything as long as it's cheap'....you are missing the point that ESI are looking to do a deal IN India.
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