My ASP numbers are actually BEST CASE scenario. Taking into account the exact pricing guidance what CKA gave. It is very very likely market will decide that CKA's pricing guidance is optiistic and realisations are much lower
AISC cost for sure is above $150/t --- and as SJ cant prove me wrong, I cant prove him wrong either. We will just have to wait for the company to report.
JORC resources --- There have been several M&As in coal sector recently -- and closer in Australia. Anyone is free to go and look at the deal multuples and valuation and what value was assigned to "JORC RESOURCES". I will tell you == ZERO.
Coal stocks whether they are Met or Thermal are trading at 3x EBITDA -- implying market does not value anything under the ground beyond 4-5 years. CKA's "JORC Resources are atleast 15 years out from production if there is any economic reserve there" So the value of that is ZERO today.
Net Income = say 50% of that post interest and tax = US$900k - US$1.5 mn DOUBLE SILLY -- NOT EXPECTING SJ TO Correct P&L calculations for me
Everything else on SJ's post is just BS
CKA Price at posting:
9.2¢ Sentiment: None Disclosure: Held
