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 $200+ coking coal not out of the question.
WHY CAPPED AT 10M?? I have no idea
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Open | High | Low | Value | Volume |
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39 | 20490538 | 0.003 |
19 | 26960099 | 0.002 |
12 | 32600000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 5860283 | 9 |
0.007 | 2726831 | 4 |
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