going by march investor preso at starting 360 k ton pa which is starting they aim for 700k ton pa ..and at a low $115 a ton < now 145 a ton > EBITDA US 15.5 mill production costs, barging, loading,corporate over heads ,coal royalty, tax comes to US66... so with now getting 145 a ton the numbers go to best part $25 mill.. and they have signed off takes and come to mkt as a producer..very compelling coal story ..NOM should be out soon with more detail i imagine... looks promising
ZGM Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held