''Shortfall of 21million tonnes of Anthracite in the global market in 2015'' We have been told this all along with Vietnam pulling out of exports ,yet this stock fails to respond.
With 125 million tonnes in the ground at Mbila AND 250 at Kangwane ZYL are expected to dig up 2 million tonnes per year maybe more .So in 150 years they will still be digging and revenue @2 million tonnes P.A at $40 per tonne should realize a net annual revenue of $80 million . Not bad for a $10 mill company.
More drilling will make this look a pretty commanding takeover proposition in a world short of Anthracite. Others may know who else is this close to a large Anthracite resource.
Cheers Chooky
''Shortfall of 21million tonnes of Anthracite in the global...
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Last
1.8¢ |
Change
-0.002(10.0%) |
Mkt cap ! $80.52M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $66.07K | 3.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 5674550 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1874459 | 11 |
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| Last trade - 12.20pm 25/06/2024 (20 minute delay) ? |
| AZL (ASX) Chart |