Our (ERA) current favourites are : Territory : Yes we accept that it lost heaps ~$50m or more last year investing in Monarch etc. But at Diggers it was selling its lump at ~A$110/t, fines at A$90/t, say A$100/t on a 50/50 basis. Costs are A$70/t falling to A$60/t (and targeted to go lower), say a margin of A$35/t, which at 2mtpa = $70m less tax = ~$50m NPAT less exploration etc = $40m cashflow (and revenues may be US$/t and not A$/t, so the figures could be higher).
TTY Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.