Maiden coal production at the Abadi site started a few weeks ago and it's first shipment is due next week. I am told, from that we should be recieving a formal Off Take agreement signed from this trial shipment.
We are still sitting on the ground floor SP wise, and I believe that the SP is being held back until O/T happens, so IMO O/T signed SP could go multiple/s of where it is now.
At 7.5cps with an 82mil registry, this has got to be the cheapest coal producer on the ASX.
DYOR
Maiden coal production at the Abadi site started a few weeks ago...
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