Im pretty sure 2023s earnings will be substantially above 2022. What with the furnaces ramping up to 100%.
the current squeeze in prices is putting many producers without fixed electricity costs out of the market. Once the extra production and excess inventory is taken down prices will move upwards to a stable lvl. That should happen by the end of the year.
even a 200 usd net margin per tonne would put earnings at 90mil usd. Im pretty sure its not going to be a 200 usd margin with forward thermal coal prices above usd 250.
not to mention china has a 25% export tax.
Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-58
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