It's good to see mining costs declining, however this looks like going down to the wire.
On a first glance it looks like, as they flagged earlier, they under delivered into the CSA, which on my numbers drags the CSA out by an extra quarter (read continued payment of the Stanwell Rebate) when annualized. It also looks like they are receiving $26-27/t for the thermal delivered, as others have calculated.
I also noted a statement on page 28: substantial doubt exists regarding [CRN's] ability to continue as a going concern within 1 year after this 10Q published date.
Which quarter do punters expect capex to finish, and when do you think CRN will be released from the CSA?
CRN Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
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