Given that most of the production will now be washed coking coal, selling at about A$360 ton, and costs something like $170-180 ton before royalties etc. the margin will be $150-$180/ton for bulk of production. These are not steaming coal mines. A minority produced, but depends what is dug up. I'm estimating about $50m a month net before imposts. .
Ann: Change in substantial holding, page-28
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