Wowee,
these numbers are exactly why i've owned this thing, and exactly why I wouldn't sell her for 15c even after I didn't like RCPS decision.
Cash machine status confirmed. There is actually potential for a further upgrade if HCC stays strong, as they are assuming $150 post January. That seems fairly conservative from my chair.
Nice to finally see the synergies layed out on production expansion into Buller. Need HCC to stay strong, but that goes for any commodity company.
Regardless of views of management, who actually look like they are doing a decent job bar RCPS conversion, I would be suprised if BRL remain on such a low multiple of EBIT for too long.
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