BCB 0.00% 1.9¢ bowen coking coal limited

Ann: First coal shipment from Broadmeadow East, page-8

  1. 795 Posts.
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    looks like plenty of 708s we're happy to raise at 30c

    this may be why

    next quarter update now that BME is ramping up which is

    150,000t (BASE case)
    low = $200 USD/t = $30M
    mid = $250 USD/t = $37.5M
    high = $300+ USD/t =$60M = $100M AUD

    300,000t (BULL CASE)
    low = $60M USD
    mid = $75M USD
    high = $90M USD = $157M AUD

    current MC 511 AUD

    you can see why the 708s lines up to take a piece at 30c, I think that's fair value of where the project is now, and takes into account the risk over next 6-12 months, BULL CASE has fair value post quarter results at a re rate of

    Q4 target

    +50c
 
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