Continental on schedule to exceed budgeted export sales of 120,000 tonnes and meet targeted sales of 141,000 tonnes for the March quarter 2011.
Average net sales price of US$118/tonne
By my simple calculations, that means 141000 t at $118/t means that there is approx $16 mill for the March qtr and it looks like the month of March itself will make $5m in sales.
Pretty impressive for a company at its early stages - meeting and then exceeding expectations that were originally stated.
Obviously we need to look at possible profit rather than revenue and whether this will cover current debt and financing requirements.
But ..... meeting and exceeding targets augers well for me.
CCC Price at posting:
61.0¢ Sentiment: ST Buy Disclosure: Held
