We live in hope I believe PRC stated in an early release that they planned to have a dividend policy. Pikes prospectus pre construction was based on a 1,000,000 tonne per annum mine with coal price of $100/tonne US and costs estimated at $70/tonnes The current coking coal price achieved for their production is $300/ tonne US. PRC have no debt and being a single mine operation with a 20 year life one could hope for a 65% dividend return here. NZO with 30% of PRC would be looking at an annual divi of around 50m add in the oil and gas another 50m - and presto.
a dividend policy, page-3
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $85.10M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $4.86K | 13.05K |
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| No. | Vol. | Price($) |
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| 1 | 17109 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 14.41pm 10/09/2024 (20 minute delay) ? |
| ECH (ASX) Chart |