Scoping study can show a few things but to look at it in ballpark figures.
A short long wall can have up to 2m tonnes production per annum. So let's assume 1.5m tonnes saleable product.
Then being a very low cost resource and close to infrastructure and European clients- we can look at profit per tonne depending on price of $40-$80 per tonne- much higher if coking coal bounces- but let's not get ahead of ourselves.
Most major coal projects have huge capex- as much or more for infrastructure than the long wall and wash plants.
So 1.5m tonnes at $60 tonne looks like
90m gross per year.
With huge mine life- NPV closer to 400m++
So sell down half and with debt and a few more shares issued . I see nae being capped around $200m with @400m shares on issue.
50c by the end of next year, early 2015??
I have heavily discounted the figures assuming a big sell down- a lot of equity raised and very little debt secured.
60-70-80c if management can some good deals over the line...
Can also ramp up production and of course $200+ coking coal not out of the question.
WHY CAPPED AT 10M?? I have no idea
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $6.18K | 1.536M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1207245 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 25327472 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1207245 | 0.004 |
36 | 26005890 | 0.003 |
19 | 26410099 | 0.002 |
11 | 41400000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 25327472 | 24 |
0.006 | 9981130 | 9 |
0.007 | 5223902 | 4 |
0.008 | 3530010 | 6 |
0.009 | 1864139 | 13 |
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