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1.2¢ bowen coking coal limited

Ann: Trading Halt, page-58

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seuss

9,759 Posts.

832

08/06/23

09:54

Post #: 68189008
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Originally posted by bigchops ↑

I think it’s important to remember that the company is building a platform. When they bought Burton complex they valued the CHPP alone at 300M which is not much less than current market cap. Given inflation and the work done on it soon to be at 5mill ROM pa that plant would be much more now. Think about the headwinds, rain flood port derailments. Highest royalties in the world. ESG makes finance impossible but Met Coal is needed and will be for the foreseeable future. No viable substitute. Cost visibility is a problem but in the building phase hard to measure. Bluff is not great but I find it hard to believe it’s losing money with Met cap prices.

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Sure there has been some set backs , but I'm still going to support spp. Happy if others don't so I get full allocation. Every capital raised has been fully subscribed. Which is a good thing

BCB Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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