During a recent market downturn, thermal coal prices from Newcastle were between $120 and $130 per tonne.

Paul Flynn believes that higher price floors in the coal market are a result of supply-side constraints.

Paul Flynn predicts that Australian coal power stations will require extensions to their operational lives because there are no immediate replacements for their baseload generation capacity.

Whitehaven has never sold thermal coal to China.

A key constraint for Whitehaven in its acquisition of BHP's coal assets was the decision not to issue any new equity.

Nippon Steel and JFE were the final partners who acquired stakes in the former BHP coal assets alongside Whitehaven.

Rio Tinto exited the coal business in 2018.

Whitehaven's recent bond issuance was priced at approximately 6.3-6.4% and was nearly 12 times oversubscribed.

Whitehaven owns 25% of the Newcastle Coal Infrastructure Group (NCIG) port facility.

Paul Flynn believes that no new investment will occur in Queensland's coal sector unless the current royalty regime is changed.

The price brackets for Queensland's coal royalty tiers are fixed and have not been indexed for inflation since their introduction in 2022.

The coal quality from Whitehaven's Vickery project is superior to the coal from its Maules Creek mine.

Whitehaven's strategic shift to metallurgical coal was driven by the potential for higher profits compared to thermal coal, not by ESG pressures.

Whitehaven's current strategy for its coal business is to remain focused on Australian operations.

Paul Flynn predicts that the recent two-year life extension for the Eraring Power Station will not be the last one.

Whitehaven began working on the acquisition of BHP's coal assets in mid-2022.

The acquisition of BHP's coal assets was structured with vendor financing from BHP.

Whitehaven's trading multiple has approximately doubled since the time it proposed to acquire the BMA assets.

Whitehaven's future growth strategy will be primarily focused on metallurgical coal.

Most of Whitehaven's customers in India are currently building new blast furnace capacity.