Hi Lance
My goodness they severely blundered the last few months by announcing the delay in ramp up which pretty much halved the share price in one foul swoop.
Brl didn't need to announce the delay in ramp up. It was evident from the presentations that it was not logical to mine the escarpment.
From the most recent presentation domestic coal production.
400,000tpa
$105-115 per ton mining costs $75-85 per ton
$8m-$16m profit before other expenses.
Where would BRL be without its domestic production?
Ann: Business Update , page-14
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76.0¢ |
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Mkt cap ! $145.4M | |||
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