Ann: Infrastructure Joint Venture Advances to the Next Stage, page-368

So lets do some rough as guts calcs to see where we could stand???
Lets be optimistic and realistic:
HCC price: US$335 OPTIMISTIC
16% discount for benchmark and ICT cut: US$281
FOB ship costs US$ 135 which is said to include all costs, royalty and ICT loan repayments.
Margin(rough as guts) US$ 146
Say Cal Year 2025 1 million tonnes production.
Margin: US$ 146,000,000
AUD $225,000,000
Now BBM owes CKA about AUD 120,000,000 and this will be repaid before BBM distributes payments to BBM shareholders in 60:40 ratio.
So payment to CKA $120,000,000 plus 105,000,000 x 0.6
Total AUD 183,000,000 to CKA
Ao you can drive a truck through gaps in these assumptions and guesses and calcs but the aim is to give you some sort of scale that could be coming!
IMO DYOR