68% of our coal is sold into a captive market so I guess unless...

68% of our coal is sold into a captive market so I guess unless there are coal mines closer to our customers than Ngaka then that revenue should be ok.

If we're getting around $26 AUD per ton EBITDA then it's still a healthy margin?

Just had a quick look at the sell rate of coal in South Africa based on Universal coals average sell rate per ton of coal from their Annual report and I'm guessing we'll be uncompetitive against them for export coal as they appear to be selling at around $64.69 AUD versus IEC $86.31 AUD.

Cant tell whether UNV sell FOT from the mine gate or whether they have transport costs included in the $64.69.

Maybe the Royalties paid to the Tanzanian government will incentivise them to improve roads/rail and the port and encourage exports?


Or am I just being a foolish optimist?