terrorcom train :), page-20

Let me get this right.
The current sale price of coal is $81 US per ton which converts to about $99 Aussie per ton.
Terracom mining cost per ton is $59 at Blair Athol and presumably about the same or similar in
South Africa.
The projected sales for the coming 12 months are about 10m tons.
Gross profit on the mining operations over the coming 12 months will be about 10m X $40.
That's a gross profit of $400mil. The company has very little overheads. Head office is located
in a building near the mine entrance.
With figures like these there's no need for a prospectus to re - finance the loan owing.
Just pay it out of cash flow in the next 12 months.
Also what is the market cap doing sitting at about $120mil.or about four months of cash profit.
Would this indicate a PE ratio of about 0.3 of 1 - an all time record for the ASX.
Is this too good to be true?
Where have I gone wrong?

DYOR
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