I was more interested in the production rate and costs rather than the realised sale price
It is widely expected the first few shipments will go at a discount, and that future ones should be closer to spot pricing
The key takeaways are:-
- produced 170kt of coal
- costs were $45/t FOB and dropping by $8/t next year !
TIG is a gift being debt free, cashflow positive and ramping up to 1-2Mtpa. This could quite easily rerate to 10-15c over the coming months in lead up to 2018 season
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