Hi Chocomuncher:
See annual report: 164.6 ton of coal sold for $13.983 mil AUD
The dribs & drabs from the March & June quarterlies are simply that; dribs & drabs
IE: Sales revenue for Mar Qtr: $1.218 mil with no volume stated (either delayed payment from Dec Qtr sales or a domestic sale of thermal coal)
Sales revenue for June Qtr: $2.540 mil ( perhaps the first shipment of thermal coal for this season at the end of June 2018 already announced)
You have to understand that the main game for now is the shipping season from the end of June until the end of October due to the port icing over the
prolonged winter. All export deliveries/sales occur within this window and will do so until the 12 mos/year port is constructed in a few years time.
The current Project F with shipping through the Beringovsky port is just a means to that end.
It is best for you to print out all TIG's announcements over the past 2 years and then read them sequentially so that you are thoroughly familiar
wit TIG's development program as it ramps-up to full production over the next 5 years.
The 2 next important issues this calendar year for TIG are:
(a) the results of this shippingbseason-volumes sold & delivered, sales revenue and margin
(b) acquiring finance to upgrade the port to 1 mil T/P/A+ and the addition of a wash plant. I guess that's why Dmitry was employed as CEO.
Should Coking coal pricing hold up over the next 5 years and should TIG's COP remain low, then the fundamentals of TIG @ say 5 mil/t/p/a should look
like : 5 mil ton x $80AUD NPAT = $400 mil AUD profit p/a or which is 5 times TIG's current market cap. At a modest P/E of say 6 then, this would
put TIG's SP @ about $1.35 per share.
All of this is IMO only and you and others ought to do your own research/DD and/or see a financial advisor before investing.
