Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-104

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hightrax

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22/08/23

17:56

Post #: 69484798
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Originally posted by Coxos: ↑

you wrote: QTER ROM 600,000 X .7 ave yield is 420,000 product mix of which .6 is coking ie 245,000 x $50 margin = 12.2mill

BCB says: with 4 vessels totalling 199 kt being shipped in the month (June)
This is the shipping rate we have been aiming for and looking to maintain from the two operations as an average per month for the quarter (q3).

So 3 x about 200 kt = 600 kt

So if i take your numbers and bcb
i get this
600 kt *0,6 = 360 kt * 50 = 18 mil.
600 kt *0,4 = 240 kt * 30 = 7,2 mill

and I have not taken into account the non-existent production costs for 240 k tonnes.
So there should still be a large part of cash to be added.But even if you were too optimistic and the ratio of coking to thermal is 1:1, it should be a very good quarter.
if we're correct 25-30 mill A$ cash from sells are possible

And that will happen again in q4 and maybe even better.

Please correct me in my calculation if I am wrong.

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I'm a bit of a map geek. Did anyone notice howe close Ellenvale South opencut mine is to the wash plant? Maybe 1-2k, that's all. Coal from Burton has to travel 35k north to the wash and then more south to the loadout plant. This isn't too bad but Ellenvale coal will have to be hauled a bit over half the distance. This mine is scheduled to start producing some time in next month, September, maybe late in the month. This will result in somewhat lower costs.

Automated train loaders take a bit under 1 hour to load a 100 wagon train, about the standard size on this line. Each carries about 8,500 tons. They are electric trains. Narrow gauge. M<aybe if electricity supply or cost became a concern, they could run diesels?

BCB Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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