Baralaba mine is struggling a bit. At first glance it looks impressive because it's $10M free cash flow, but a closer look at the figures shows that's an effect of selling stockpiled coal from the previous quarter.
$142/t cash cost is very high - says it includes transport costs for the stockpiled coal so in reality the true cash cost is lower than that.
Average sale price only $151/t, assuming they got receipts for all the coal they sold.
Nothing much new in the other info re Baralaba expansion and Surat. Still no solution in sight to the funding problems and the SP continues to reach new lows.
Baralaba mine is struggling a bit. At first glance it looks...
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