Started a warranted new thnread. Enjoy. Did this all myself, this is not anything that anyone has done for Coronado. It is my thoughts only and by no means set in concrete.
Mammoth is supposedly a lower cost mine than all it's other mines. As I stated previously, all the other mines pre savings initiatives, change of mining methods at Curragh and introduction of another longwall at Buchanan and further coal storage and skips etc were likely (well not likely) in the higher end of the 3rd quartile and at times at the lower end of the 4th quartile. This is supposed to change and improve Coronado's position on the cost curve going forward.
It has been stated by Coronado many times that Mammoth will be in the 2nd quartile of mining costs. These mining costs include direct mining, processing, Selling, General and Administration expenses, transportation and royalties, but excluding sustaining capital expenditures.The second quartile on the cost curve according to WM and other commodities specialist such as McKinsey are mining costs of U$50-U$100pt. See below
CRN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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