U$25,000 per quarter of rebate waiver and deferral commencing 1 April to 30 June. U$75,000
Straight off the bottom line.
If we use March qtr all in mining costs of U$107.6/t (inc depreciation but take out approx Stanwell rebate) for the June qtr I get around 88 cents p/t This is just for the Curragh operation not including Mammoth second tier mining costs.
Problem I foresee is that segmental reporting will have Mammoth inside of Australian operations so it might difficult to find out the actual cost to mine mammoth. I would expect some commentary by Coronado even if they don't segregate Mammoth from Curragh.if they don't segregate..
This is significant from U$107.60 to U$88.1
All other things equal.
What do others get? I'm not sure if I have it correct and I would like to be corrected if I am wrong.
CRN Price at posting:
16.3¢ Sentiment: Hold Disclosure: Held
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