There is a reasonable amount of works and capital to refurbish and get the 1st Module in the CHPP at Burton up and running. From memory they were talking approximately $40M or so. Unsure of the timeline for this? Remember that BCB have the Toll Washing arrangement through Fitzroy Resources (Carborough Downs CHPP) so early cashflow there anyway. There has been a truckload of rain in this Bowen Basin Area in the last week which will slow down coal haulage. (Coronado Curragh has no Coal on Rom so CHPP's not running) The next catalyst will be bluff coal being transported and washed through Cook CHPP (IMO) A long time holder and will be holding still for a good year of production in 2023!
BCB Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
