GNM great northern minerals limited
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see announcements it is therethey are selling ROM coal and...

  1. analyst99
    1,970 Posts.
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    25/03/11
    11:15
    Post #: 8164324
    see announcements it is there

    they are selling ROM coal and receive 55-60% of the HCC benchmark price which is currently USD$330.

    they have said that current cost are A$120/t which will be the historical high. They are install longwalls (hence high cost) hpwever when these are operating (due by dec 11) costs are forecast to halve

    even now by my numbers they should be pulling at least USD$50. and this is going to increase substantially as the mines ramp up.

    in any case if they are at 2Mtpa ROM right now then they are pulling annualized ~USD100m pa this quarter
    GNM Price at posting: 59.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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