Just asked the company about the thermal coal they sell and I put the wrong price per ton the incorrect figures are as follows
- The Delta Coal operation produces and sells a medium energy thermal coal at a current target rate of 1.5 Mtpa, with plans in place to lift production and sales to a 2 Mtpa rate in 2015/16.
Incorrect figures below
- operating cash cost of US$36.92/tonne FOB Barge
AJM has a 33% stake in delta
Current price per ton for low energy thermal coal is $53
$53 - $36.92 = $16.08
1.5 million X $16.08 = $24 million
$24 mill X 33%/100 = $7.92 million
AJM profit will be $7.9 million pa
- correct figures bellow
- Current price per ton for low energy thermal coal is $59.14
$59.14 - $36.92 = $22.22 profit per ton
1.5 million X $22.22 = $33.33 million
$33.33mill X 33%/100 = $11 million
AJM profit will be $11 million pa Note they are in production as we speak, plans to up production to 2 million which gives a nice profit.A lot to look forward too. Report is dual on the 28th of October 14 days from now.
- The Delta Coal operation produces and sells a medium energy thermal coal at a current target rate of 1.5 Mtpa, with plans in place to lift production and sales to a 2 Mtpa rate in 2015/16.
We could get great news regarding profit and off take partner for our lithium very soon.
While pls have tabba tabba we already ate in production!!
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