Seabourne coking newsPrice surges:
https://www.steelfirst.com/Article/3546294/Scrap-and-Raw-Materials-Coking-Coal-Archive/Seaborne-coking-coal-prices-surge-on-tight-supply-Chinese-steel-gains.html
https://www.steelfirst.com/Article/3547088/Scrap-and-Raw-Materials-Coking-Coal-Archive/Coking-coal-prices-rise-on-steel-market-strength.html
https://www.steelfirst.com/Article/3546727/Scrap-and-Raw-Materials-Coking-Coal-Archive/Caution-sets-in-over-high-prices-for-seaborne-coking-coal.html
If we do 4 million tonnes (why wouldn't we if it's profitable!) we would have 600 million revenue (based on 150 dollars long term price for semi soft coking coal) 3 percent average or 18 million dollars in royalties. Even at 100 dollars a tonne for 3.5 million tonnes that we are permitted for thats 350 million times 2.75% or 9 million dollars. Anyway I slice the orange there will be far fewer shares and much higher share price in short order.