should the ferreira coal mine be closed?, page-3

The burden of contuing to operate this mine would be increasing, particuarly with the way the thermal coal price has trended over the past 12 months.

Given a production cost guidance of $85+/tonne it is clear
that if the thermal coal price continues down, now at a 12 month low, the mine could not be economic.

An EBITDA of A$146,000 for the month of April says it all!