So you can double the amount of revenue
PCI Coal price.
$160USD per Tonne, working off 20% discount to current coking coal price
Last year they mined
2.6 million tones.
=416,00,00m USD
Minus 30%(partners) = $124,800,00
$291,00,000 Mill revenue approx
Anything under 10 cents is bargain.
Don't forget this mine was purchased by Anglo for $700m and this isn't taking into account the monies spent for rail & road etc
Do the sums guys, this one is a keeper.
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