Q3 2021 Whitehaven Coal Ltd Production Volume Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Lyndon Fagan - JPMorgan Chase & Co, Research Division - Analyst : Look, the first one is just to try and understand a bit more of what happened in the last 3 weeks. So I guess you provided guidance on the 23rd of March, and it's only really 3 weeks ago. I'm just trying to understand a bit more about what happened to lower it again. That was the first one. I did have some follow-ups if I could.

Question: Lyndon Fagan - JPMorgan Chase & Co, Research Division - Analyst : Right. Okay. Yes, that makes sense. So -- and then going back to the previous discussion. So in 18 months, you get to 203 and beyond. Can we talk about what the ground is like out there? I mean are you expecting any geological challenges? Or is the base case that it's smooth sailing once you're out there?

Question: Lyndon Fagan - JPMorgan Chase & Co, Research Division - Analyst : And can you just remind us a little bit on the coal quality out there? So there's no met coal. Is the thermal coal quality any different?

Question: Lyndon Fagan - JPMorgan Chase & Co, Research Division - Analyst : Okay. Great. And so just to go back to the sort of achieved price discount, it's really not until we get to this area in 18-odd months that we shouldn't be worrying about that. So we should be forecasting some sort of achieve price discounts for the next 18-odd months. Is that a fair statement?

Question: Lyndon Fagan - JPMorgan Chase & Co, Research Division - Analyst : Great. And look, the final question hasn't really been discussed on the call. Just on all the projects, are you able to -- is there -- was there anything new in the quarter that we should be talking about in terms of progress? I mean obviously, no FID on anything anytime soon. But is there anything worth highlighting? Are we -- and also the pecking order, are you thinking Vickery before Winchester or vice versa?