Horray, HC is back online! TIG's big challenge this season is 3...

Horray, HC is back online!

TIG's big challenge this season is 3 fold, IMO:

(1) to ship 480K ton + this season
(2) to have the best coking coal mix to Thermal possible
(3) to ship as long as possible post October 1st.

Suppose the June & Sept Quarters are similar to that of the March Qtr; ie: 140K ton a quarter

To Sept that would give us 140K + 140K +140K + 62K ton stockpile = 482K ton

If the freeze up of the port does not occur until mid November like last year , then there will be an
opportunity for another 80K ton, IMO (2 ship loads) to take the season's total to 562K ton

Given the way that coal prices are holding up, TIG should have a margin of $50 USD /ton

This would produce, IMO, a positive cashflow of $32 mil AUD for 482K ton
or
............................................................................$37.5 mil AUD for 562K ton

This, IMO, should position TIG to cover its operations until July 2019 & serve as a solid basis for raising finance for the CHPP & the port upgrade.