Cockatoo coal, page-3

The answer is in today's coal price for met coal and their projected production (out of their presentation posted)

Targeting Q2 CY2017 for mining to recommence / April - June start 2017
• Targeting 600 - 800kt saleable coal in CY2017 / So assuming @ todays price = 800kt x $240M of revenue before costs
• Targeting 1.5Mt - 2.2Mt of saleable coal in CY2018 / so assuming 2018 = 2.0Mtpa x $500M of revenue

2018 @$250 met coal = Gross EPS: $0.30/ share

The market capitalisation of the cok just grew by my maths if prices hold around these levels - i doubt they will be shorted unless they get delayed or prices fall significantly.

RT