98.3 ton at port at say an average of say $82 AUD FOB is over $8 mil
(The initial oxidised thermal coal will, IMO take the average stockpile price down by
at least $20/Ton overall )
Cartage to the port from end of month to October and shipping before freeze-up should yield us a further
100K ton or a further $10 mil AUD revenue, IMO. (coal quality/coking coal mix will improve in this
second half, IMO)
This will, IMO, see us to the 600K t/p/a stage which should take us to over $60 mil p/a revenue with
at least half that NPAT, IMO. 600K ton P/A is about 12,000 ton/month or say 400 ton/day.
The Scania's as is without the additional units can shift that amount no worries (8 trucks by 4 trips
a day with 25 ton payload on a 12 month/yr road.
With the extra equipment ordered and a 12 month/yr road we should be up to the 1 mil/ton/yr
alot sooner than forecast, IMO. The only bottleneck may be the port capacity during summer/autumn, IMO.
So, in summary, this is a very good start, IMO, and management ought to be congratulated.
All we need now is a lift in SP over 10c. This $107 market cap could be 5 times that in a year, IMO,
98.3 ton at port at say an average of say $82 AUD FOB is over $8...
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