Question-and-Answer Session
Certainly. [Operator Instructions] First to the line of John Hill with Citi, please go ahead.
John Hill - Citigroup
Thanks, and good morning every one. Just a question on the 2008 EBITDA guidance, if we can get a breakout between Australia, and then an idea of what kind of assumptions are in their both for trading and resource management? That will be great.
Richard A. Navarre - President and Chief Commercial Officer
Yeah, John, this is Rich. Let me start with the trading and resource management and then just kind of give you where we are on that, on those particular numbers. As you know on trading and recourse management, what we typically told folks at the beginning of the year, from a standpoint of estimating and modeling, what might be the total contributions of those lines of business, they are a bit lumpy. So we generally would say, probably from a trading standpoint that you should think about a $75 million to $80 million number and will it... it probably won't be pro rata by quarter, but that's essentially the number I'd shoot for at this point in time.
With respect to trading, sorry resource management, you saw that we in '06, we were about $46 million on a continuing Op basis and then in '07 we are $86 million, which included the CNX gain of about $50 million. So I'd probably pick... I'd by in the $40 million to $50 million range for that number at this point in time of the year.
As it relates to the Australian breakout of EBITDA, I don't think we're prepared to give that number at this point in time, until we finish and get good result with all the price settlements, and which as you know are still ongoing, and obviously moving very, very favorably, but it's too much information for us to put out right now with the settlements and discussions going on.
John Hill - Citigroup
Understood, understood. Just one quick follow-up, if we were to commit PRB tonnage for 2009 for Peabody's product mix, what time... what type of pricing range do you think you could realize given where the market is today?
Richard A. Navarre - President and Chief Commercial Officer
Well. I mean, we'd really commented on where the OTC market is today, and it's continue to improve significantly over the last several weeks. I'd say right now you are talking the premium PRB products about $16 right now. We think that's only going to get better from our standpoint, because of what's happening in the global markets. It has... it's just beginning to feel the effects of what's happening and what we are seeing across the entire globe as it relates to coal supplies and demand.
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