TER 2.33% 22.0¢ terracom limited

Coal at $570/ton in AUD...($395t/USD)... If we do simple sums &...

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    Coal at $570/ton in AUD...($395t/USD)... If we do simple sums & be conservative...

    At 2.5m/t a year.... At current price we would make margins of $470/t.. But let be realistic and conservative at lot of coal is sold on foward contracts... So if we put a margin of $200/t which is coal at $220t/usd... That will be profit of $500mil before tax... Thats more than the market cap & debt combined, literally its trading under PE of 1...Thats after being pretty conservative using $220t/usd coal price... They have already booked some ships at $300t/usd this quarter going by there quarterly, so margins are near $300aud a ton... At that rate $750mil/pa profit...
    So share price though stuck at 60c resistance, once it breaks it personally I feel we should see a major move... Without being silly, I cant see why it cant be valued $1.00... Im very comfortable of adding more at current prices, thats what I have been doing.. company is de-risked considerably from 6 months ago, I see happy times ahead...
 
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