Its their third future project. 100% owned by WHC. Its a met coal project. Its part of their plan to double production over the decade.
I'm not an expert on their history. Not sure when they bought it but they were still paying it off in financial 2020 results.
You can see their future projects in their last quarterly. They are building them in sequential order.
https://whitehavencoal.com.au/wp-content/uploads/2021/07/210715-June-2021-Quarterly-Report-Final.pdf
1. Narrabri Underground Mine Stage 3 Extension Project
2. Vickery Extension Project
3. Winchester South Metallurgical Coal Project
I doubt it will happen in late 2022 as the reporting has mentioned. But who knows.
Also they've said they plan to pay down debt prior to any projects commencing. Debt paydown will likely continue all this year. Then projects kicking off (once approved) from next. I think Vickery is fully approved? while the others are still pending.
Somewhere in there I hope there is money set aside for maules creek increased ownership. And also saw that the Narrabri royalty might be up for sale. (1% royalty on sales?). That would be nice purchase, hopefully prior to extending stage 3 so its cheaper.
- Forums
- ASX - By Stock
- WHC
- Target $4.61
Target $4.61, page-1434
-
-
- There are more pages in this discussion • 5,399 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.41 |
Change
-0.070(0.94%) |
Mkt cap ! $6.199B |
Open | High | Low | Value | Volume |
$7.47 | $7.53 | $7.40 | $18.11M | 2.431M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 68262 | $7.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.43 | 8767 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 68262 | 7.400 |
1 | 5042 | 7.390 |
7 | 51213 | 7.380 |
3 | 67338 | 7.370 |
2 | 34534 | 7.360 |
Price($) | Vol. | No. |
---|---|---|
7.430 | 8767 | 1 |
7.450 | 22670 | 3 |
7.460 | 19630 | 1 |
7.470 | 19630 | 1 |
7.480 | 20314 | 14 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
WHC (ASX) Chart |