80 cents by december...., page-14

spiderman14, once de-watered it is close to in cal value to the premium product. It goes from roughly a 4000kcal/kg to 6000kcal/kg. The premium product is specd as 12000btu/pound, the conversion rate 1.8 which calculated to 6666kcal/kg. So you can see it has roughly a 10% lower cal value hence the 10% discount.

whiteknightoz, the most conservative numbers I have crunched just for the BM project, using $115/mt coal price, $55/mt break even, a smallish 12mt/pa plant to start with and Tata Energy have an offtake agreement for 8mt/pa from 2014. It is a 50/50 JV so that means 6mt/pa could be Mantles. So the bare minimum for the BM project alone by my calcs would be $360m/pa profit. Of course it is likely that it would be a 24mt/pa operation and the coal price is likely to be higher. Then of course there are ST cash flows possible from MT Mulligan and longer term mammoth sized numbers from LV.