AJM vs PLS, page-668

Just asked the company about the thermal coal they sell and I put the wrong price per ton the  incorrect figures are as follows

• The Delta Coal operation produces and sells a medium energy thermal coal at a current target rate of 1.5 Mtpa, with plans in place to lift production and sales to a 2 Mtpa rate in 2015/16.
  
  Incorrect figures below

• operating cash cost of US$36.92/tonne FOB Barge
  
  AJM has a 33% stake in delta
  
  Current price per ton for low energy thermal coal is $53
  
  $53 - $36.92 = $16.08
  
  1.5 million X $16.08 = $24 million
  
  $24 mill X 33%/100 = $7.92 million
  
  AJM profit will be $7.9 million pa
  
  

• correct figures bellow

• Current price per ton for low energy thermal coal is $59.14
  
  $59.14 - $36.92 = $22.22 profit per ton
  
  1.5 million X $22.22 = $33.33 million
  
  $33.33mill X 33%/100 = $11 million
  
  AJM profit will be $11 million pa Note they are in production as we speak, plans to up production to 2 million which gives a nice profit.

• The Delta Coal operation produces and sells a medium energy thermal coal at a current target rate of 1.5 Mtpa, with plans in place to lift production and sales to a 2 Mtpa rate in 2015/16.

A lot to look forward too. Report is dual on the 28th of October 14 days from now.

We could get great news regarding profit and off take partner for our lithium very soon.

While pls have tabba tabba we already ate in production!!