Unitrader. Nope, you've misinterpreted me. A$60/t is what it costs NHC to get their coal out of the ground and on a ship. You can add some more for royalties and other things but its not too much more. Coal prices are about A$100-110t which means a healthy margin. Even if you are conservative on cost of mining and assume A$70/t, and conservative on sales price (say A$90/t), you still have a healthy margin of at least $20/t. I suspect its a fair bit more though.
Bengalla alone will produce ~10 million tonnes this year (8m attributable to NHC). You can crunch the numbers.
Will New Hope make money?, page-141
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