Well they are only just barely cashflow positive in the YTD... they were cashflow positive this quarter because they received payment for 3 times more coal than they sold!
41kt sold but $119k received at $1/t.
But at least for YTD they are $3000 in the black. :)
It's all about that last $3-5 of coal price... if they can get that and get their $2.50 royalty they will be raking it in at 600ktpa. At only $1 they are going to struggle to make any meaningful profit.
AQJ Price at posting:
5.0¢ Sentiment: None Disclosure: Held
