YTD Sept revenue:................. $27.634 mil  revenue (Sept...

YTD Sept revenue:................. $27.634 mil  revenue (Sept Quarterly)

Dec Revenue forecast:............$25.293 mil revenue  (Sept Quarterly)

Forecast total revenue 2018...$52.924 mil

Forecast total sales 2018: 400-430K ton (average 415k ton)

Revenue/ton for 400K ton sales: $132.31 AUD

Revenue/ton for 430K ton sales: $123.00 AUD

Revenue/ton for 415K ton sales: $127.52 AUD ( the average)

Given the likely mix of thermal & SSCC (unwashed), all 3 figures/ton are away too high, IMO.

Either the company's revenue forecast for Dec Qtr is wrong OR the company's sales forecast for 2018 total sales is wrong, IMO.

Last year the average price/ton recieved was $96.75 AUD.

If we received the the same FOB price this year as last year ($96.75 AUD/ton),  then we would have to sell 547K tons of coal.

Perhaps the company ought to give an operations update to explain these  apparent discrepancies.

Cheers

MM