Ann: Quarterly Activities - March 2018, page-3

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24/04/18

12:28

Post #: 32654185
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Originally posted by moorookamick ↑

This is an excellent report:
-low strip rate maintained
-low production costs
-over-delivered to port
-forecasts lift
-prospect of coking coal/thermal coal ratio improvement
-marketing ok
-prepping port for loading season.
-enough cash in till to see us into July revenue.

If we get this rate of improvement replicated in the June & Sept quarters, then we should be close to 600K
ton sold & shipped for the season, IMO.

That said, timely April & May production figures would be appreciated by the market together with the coking/thermal mix, IMO.

PS: The Russian report of 45K ton coal trucked to the port in Feb looks right (40K ton TIG & 5K ton other ?)
Perhaps the Board should begin thinking big like Chinese, Korean & Japanese quotes for the new port, washplant , railway & new mine infrastructure. Lets say that it cost a cool $billion financed over 10 years.
That would be about $70 mil a year interest only with a balloon payment of $1 billion at the end.
5 mil ton P/A should, on average, yield $250 mil profit p/a so $70 mil p/a interest only should be no worries.

If we look at 5 mil t/p/a 12 mo/yr port with 40K ton carriers, that is 417K ton a month or roughly 10 ship loads (3 day turn around) about 600 t/p/h conveyer feed. This is far from being a giant operation.
The port could be built first, then the railway, then the CHRP & mine infrastructure. All we need is the finance or a deal @ a rate per ton from the wash plant to FOB over 10 years with an option to buy the infrastructure after that.

What do others think?

Expand

One wonders just what they need to do to get price moving. If CKA put out this report the share price would be 20+ cents.

TIG Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

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Ann: Quarterly Activities - March 2018, page-3

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