27 dollars a share - respectable bid for felix, page-27

Hi Ulys15, The Independent Experts Report on page46 par6.2 fig 13 says, that Felix Resources saleable coal will reach 22 million tonnes per annum from 2013 onwards. [any drop off from 2016 will be taken up by new mines at Athena, Wilpeena and Harry Brandt]

The price of thermal coal was over US$82 per tonne at the time of my last post. Deloittes report shows a price of just US$70 per tonne from 2014. This I find hard to accept.
The 2014 delivery price given by Global coal was US$103.70 per tonne against the Deloitte forecast of only US$70 per tonne.

Allowing for royalties of 7% for underground coal and 8% for open-cast, and the higher prices for PCI coal and semi-soft coke over thermal coal, you can easily work out the big increase in estimated profits from those given by Deloitte.