The price of coking coal has risen in recent weeks.They may have been able to reduce the cost per tonne at the Bluff Mine too. So at US$250 = A$375 they should generate positiv cash.
Maybe they will change it when EFS goes into production in September. Then they replace the bluff coking coal with Ellensfield South.
Imagine they produce 1200 kt in q3 and q4 and 2 million t of coal in 2024.And large parts of that are coking coal.If then 30, 40, 50 or 60 A$ per t after all costs and taxes remain in cash. Then there will be enough to pay down debt and expand production.The prospects are far better than the share price indicates.
The price of coking coal has risen in recent weeks.They may have...
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Last
7.8¢ |
Change
0.005(6.85%) |
Mkt cap ! $222.1M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.9¢ | 7.2¢ | $596.6K | 7.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 350247 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.8¢ | 37999 | 1 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
7.3¢ |
Change
0.005 ( 2.01 %) |
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| Open | High | Low | Volume | ||
| 7.4¢ | 7.9¢ | 7.2¢ | 1292339 | ||
| Last updated 15.56pm 24/05/2024 ? | |||||
| BCB (ASX) Chart |