A recent research report from Investec that is accessible on the Aquila website quotes as follows:
"Belvedere: (24.5% owned) - This 2.47bn tonne inferred and indicated hard coking coal resource is located in the Southern Bowen Basin. The recent PFS has highlighted high capital costs in the order of $2.8bn and cash FOB costs of $70/t. AQA has the asset up for sale. We believe a realistic price, in the current market, should be in the order of $300-400m ($0.93 - $1.24/share). Vale?s exclusive right to
purchase lapses after the 4th June."
The whole of the report can be found at
http://www.aquilaresources.com.au/files/Investec%20Securities%20-%20May%202010%20Resources%20Quarterly.pdf
Previous reports from other analysts have put the value as high as $800m. We may find out more in a day or two.
regards
DF
- Forums
- ASX - By Stock
- AQA
- will vale execute
will vale execute, page-8
-
- There are more pages in this discussion • 9 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries