Nice to see Richards Coal price ticking up by 10%..whilst there is no direct relationship it is a useful proxy. To land coal from RB to Tanzania is the coal price (say US$70) plus shipping (US $20/$30/t) plus loading, cartage and import taxes (another +US$20-30). IEC coal price from stockpile at US$65-$70 is still competitive and customers have benefit of reliable supply. At US$65-70 - IEC is making margin of US$20/t. Reason why Chairman was so positive in March monthly note about generating free cashflow and paying down debt.
Nice to see Richards Coal price ticking up by 10%..whilst there...
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Mkt cap ! $3.381M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 68717956 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 12829898 | 8 |
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