MCC
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0.00% $16.01 macarthur coal limited

big drop, page-10

  1. dharry
    2,762 Posts.
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    07/10/09
    23:20
    Post #: 5746856
    Brokers now predicting US180 for coking coal. PCI is lower grade met coal and is priced between coking and thermal. So lets assume US130/ton for MCC's PCI. Cost of production is around AUD75/ton. So profit will be very roughly 130/.89 - 75 x 10mt = 710mill pre tax on these assumptions. That could support a market cap of 8bill or so, it's only 2.4 now.

    So 8/2.4 x 9(current price) = 30
    There's your $30 SP.
    MCC Price at posting: $9.32 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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