Ann: Quarterly Activities - June 2018, page-5

The report is OK because , all in all, it confirms the previous 480K tons of saleable coal this year
(440k ton to 495K ton.) Bear in mind that the new CEO is likely to be conservative in his forecasts.

The extra 2 Scania trucks will increase trucking to the port by about 17%, IMO.
(this has the potential to shift 70K t/p/m to the port, again, IMO)

If the shipping season extends into November like last year, then sales could be well over 500K ton.

Last year TIG sold 164.6K tons of coal for $13.983 mil AUD or $ 84.95 AUD/ton

Even at this low price/ton, this would yield a revenue of $40.7 mil AUD with a profit of about $16 mil

The report mentions that coal quality is likely to improve as mining goes deeper.

IMO, revenue is likely to be $100* AUD/ton for a total of $48 mil or $24 mil profit.
This is a substantial discount to current spot prices.

There is not much price difference between premium thermal coal & SS coking coal at present.
We really need the CHPP to get a premium price.