Originally posted by hightrax:
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Hmm. Looks like you have current data on PCI prices. This is good. The low price received for non PCI energy classified coal from BME was a fair bit had been waterlogged in the rain event and so was sub grade? Looks like Bluff will be very lucky to turn any profit this quarter so BME coal going through the new coal washer and loaded from the auto loader will be the net income source, till later in September when the big 2.7 mtpa Ellensfield pit - very much coking coal, is scheduled to deliver its first coal, which will from then on be filling the washer to capacity of 2.7mtpa. (If the creeks don't rise etc.) With the 170k ton stock (not sure whether this is waiting to be washed or sitting on the apron at port) at end of June, the washer may have run at capacity in July?
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I haven't looked in detail, but, my casual observation indicates that coal price has closer links to gas prices than oil. .
Good info in your post... but, please do tell, how will BCB pay for rail costs if commodity prices remain subdued? There's only so much capacity on the line.
