BCB 1.47% 6.7¢ bowen coking coal limited

I have not seen Shaws report but have listed some positives...

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    I have not seen Shaws report but have listed some positives below:

    • Cessation of mining at Bluff
    • Pausing Broadmeadow East and relocation of workforce to Ellensfield will reduce haulage costs and improve efficiency.
    • Ellensfield to reach steady state this qtr.
    • Ellensfield strip ratio 5:1
    • Cash receipts of $28M relating to sales during the qtr. collected in April.
    • Forecast steady state mining to be preserved during transition from Ellensfield to Plumtree North with final coal extracted from Ellensfield in June 2026
    • Plumtree to operate until FY2030.
    • Lenton to start in FY2027.
    • CHPP utilisation at 95% in April representing a new record.
    • Better product mix with coking comprising 67% compared with 53% prior qtr.
    • Secured annual contracts for Burton HCC with forward sales secured with reliable long-term customers.
    • Discussions regarding port and rail access
    • Future state royalties covered.

    It was always about Burton and Lenton due the infrastructure on site. I think they got distracted with Bluff and BME although BME has probably enabled them to help get Burton moving.
 
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