i'm back in for 50k today
AKM announced (somewhere) recently their revised feasibility OPEX will be $100/t or less
also, i forgot my previous research, which showed BHP produces its coking coal at an average of $139/t, Glouseter thermal & coking combined at $108/t and MCC now pushing to $100 to $120/t
the AKM coal is premium coking coal so the opex of the big producers, like BHP, should set a floor for the premium coking coal price
also, AKM still owns 100% of the project. i was advised by AKM if the Mongolian govt decide AKM has a strategic asset then they can take 34% of the project but must pay for the 34% share plus contribute 34% to the CAPEX
so losing 34% of the project does not change much if AKM are paid for the loss plus reduce the CAPEX they must raise & reduce share dilution
its time, page-15
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