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2.9¢ bounty mining limited

A billion sounds impressive if the coal was free to get out of...

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yaba

318 Posts.

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24/09/19

17:34

Post #: 40551371
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Originally posted by Duke of York: ↑

Matthew Stevens article in today's AFR makes an interesting read and from what little we know the QCoal proposal seems a better deal. Lets see what the Directors have to say.
Bounty has at least a billion dollars worth of coal, with some quality infrastructure (wash facilities and convenient transport links) and the company is currently worth a piddling $33 million.

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A billion sounds impressive if the coal was free to get out of the ground, trouble is it will cost $1.5bn to get it on a ship.

B2Y Price at posting: 7.9¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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