2020 - thoughts?, page-11

You need to do a lot of your own research before it could be explained.

Cash flow is king - profit and loss are accounting tricks.

Where did you got BA life of 6-7 yrs ? After mining for 1 yr their mine life actually increased by 1 yr. There is a lot of inferred reserve in the region which upon further drilling and infill would be converted into mine able resource further increasing the mine life.

Some questions for you to answer
1. What is their production cost - at Coal price of 85 AUD - what is their margin. @700k per quarter what gross margin are they generating.
2. Have you heard of debt rollover as long as covenants are met ?
3. Where did you got the remediation figure of $70m ? What significant event happened recently which might suggest that the rehabilitation work value is far less than claimed ?

Coal is in a downward cycle so everything is crap at the moment but the quality of BA coal would have its customers for long long time.

DYOR