Nice rise after the seller exited.
SGX coking coal for sept is at $250/t
That is $100/t over the pfs.
For every dollar above $150/t the company makes an additional $400m USD (4mt X $100) free cashflow per annum above the pre tax $878m USD npv..
As @boiler pointed out, China has a preference for Mongolian coking coal (and conversely western suppliers have a preference for non-Chinese customers after the embargoes).
While this is still high risk, there are massive rewards if they can succeed. GLTAH
maybe its actually about to happen, page-37
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Last
27.5¢ |
Change
-0.005(1.79%) |
Mkt cap ! $139.6M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.5¢ | $1.132K | 4.044K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35968 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 10611 | 1 |
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| Last trade - 15.45pm 01/11/2024 (20 minute delay) ? |
| AKM (ASX) Chart |