COK cockatoo coal limited

Mate most of that $24m is costs of production.Also the receipts...

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    Mate most of that $24m is costs of production.

    Also the receipts total of $20,035m in the cash report doesnt include $2.296m of receipts that werent physically received in the quarter, but which should be included in the revenue line.

    So in the December quarter 186,950 tonnes of PCI coal shipped for $20,035,000 gives me $107/tonne price.

    Given the strong rebound in coal prices even at say $150/tonne that gives me roughly $8m in profit a quarter, not bad. Im assuming COK sells at spot rates.

    Obviously we will see production down this quarter with the weather conditions but improved revenue from world coal prices recovering.
 
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