I said " likely revenue" because this is the balance of coal on the wharf ready for shipment without inventory added since June 30th. Since the company is not giving forward estimates then I am taking the liberty to guesstimate.
The 38.5 ton of low grade thermal coal should have been unloaded in China by now, IMO, and we should
have an announcement soon on revenue. My guess is that the price will be FIS & not FOB; otherwise
the price would be already announced.
The key thing from here onwards is the mix of coking coal, premium thermal & low grade thermal. I would
assume that as the pit is opened up there will be an improvement towards higher grades of coal. We already know that the operation is ramping up to a 600K /t/p/a rate.
We also have been given a good idea of the COP in previous announcements.
All IMO of course.
Cheers
MM
I said " likely revenue" because this is the balance of coal on...
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