Australia's largest stock trading and investment forum Australia's #1 stock forum

MRV

0.00%

0.3¢ moreton resources ltd

Ann: South Burnett Project Pre-Feasibility Exceeds Expectations, page-20

First 20 Last

Share
Profile

Follow
mint500

97 Posts.

4

25/12/15

09:59

Post #: 16685564
Share

Originally posted by Lou222 ↑

Satintape well a good review as that is what I read. I am surprised by a lot off comments that don't seem to have actually read the announcement.

Operating costs of 32 is as far as I know one of the lowest in the industry. That is AuD so at $52 USD which is the current thermal contract price MrV has about $40 head room to export. Keeping in mind the 32 is delivered to local generation so a bit cheaper now on Opex but have to rail to port at what cost???? My guess is lower than 40 bucks

Then there is ash% that some one stated must be 20 to be able to export and hence why MRV focused on stanwell as it can't be sold???? Read the Resource reserve and we are at 22% ash with mid 70's recoveries.

Add to that it seem only 33% has been considered so the company seems to indicate up side

Another comment was others have tried like rio, yes but they did not fail they sold coal for 20 years to tarong so in fact proves the point.

Anyway some of the lowest costs in the country, massive deposit and it seems 15-20 a tonne cheaper than Stanwell. Yeah that will never get funded!!!!!! Well informed comment

Capital cost of only 250 million for an 11 billion project etc etc ........

On reflection they have stated they will fix kingaroy, demobilise, rehab, fix environment, fix community, all the things that last clown of a CEO could not do. They brought 7 million in without dilution and have advanced three assets and we still have cash......

Other than deliver well ahead of what they promise they would. I am with you guys this company sucks who would want a board and team that just continue to deliver above expectation. I have a good idea sell and sell quickly...... Clowns

Expand

I said less than 20% ash for export grade thermal. Suggest you do a bit more research on coal quality specs. Here is a good start:

https://www.globalcoal.com/Brochureware/standardTradingContract/specifications/

merry xmas

MRV Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel