CKA 2.56% 8.0¢ cokal limited

Ann: Coal Off-Take Finance LOI and Maiden Coal Sale, page-249

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  1. 1,223 Posts.
    lightbulb Created with Sketch. 91
    Some back of the napkin calcs..

    Sales of 600,000tpa of PCI coal.

    Sale price of 160 AUD
    Revenue of $96m AUD
    Opex $37.5m AUD
    Profit before expenses $58.5m
    CKA's portion (60% - won't get paid out for a while) $35.1m AUD
    P/E 5-7
    Share price value of .25c - .315

    This doesn't take into account that with the money received they will be investing in starting BBM operations (2mtpa) and identifying TBAR resource.

    Anything I have missed? Comments?
 
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