Apart from the Gold and Tin projects, what gets me excited is the following, would seem something might be brewing and should get something in relation to this very soon:
Peabody Energy recently settled its December ‘16 quarterly contract price for premium coking coal with Japan’s Nippon Steel at US$200/t FOB Aust.
NAE’s 100% owned Lochinvar Project is extremely well positioned to take advantage of the upturn in coking coal prices with an Indicated Resource and Scoping Study completed in 2014. The Lochinvar licences have continued to be maintained in good standing as have the strong community relationships built on the project.
The current Hard Coking Coal spot price of US$252/t (28 Oct 2016) now significantly exceeds the benchmark HCC price of US$165/t used for the Lochinvar Scoping Study.
The weaker Pound Stirling following the Brexit is also expected to have a favourable impact on Lochinvar operating costs.
The Directors are encouraged by the recent increases in coking coal prices. As a result the Company has recently begun reviewing project work options for the next development stage of the Lochinvar Project and is closely monitoring the situation to see if prices remain stable over an extended period.
- Forums
- ASX - By Stock
- NAE
- Ann: Quarterly Activities and Cashflow Report-NAE.AX
Ann: Quarterly Activities and Cashflow Report-NAE.AX, page-2
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $6.279M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $300 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 16516909 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 10000840 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 16516909 | 0.003 |
22 | 27343765 | 0.002 |
10 | 29700000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 10000840 | 16 |
0.005 | 15732392 | 17 |
0.006 | 12001130 | 10 |
0.007 | 5570733 | 6 |
0.008 | 8713734 | 11 |
Last trade - 10.06am 30/05/2024 (20 minute delay) ? |
Featured News
NAE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online