BCB 0.00% 6.0¢ bowen coking coal limited

Alright I'm back in again at these levels.Last quarter we...

  1. 839 Posts.
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    Alright I'm back in again at these levels.
    Last quarter we had 77 mill in reciepts. This quarter I'm thinking we're close to 100 mill including the 15 mill. We're in the black a little which made me think we're turning the ship. The only dodgy think we need a bit more clarification on is the production costs. This debt facility could be clever accounting to limit royalties over the next couple of years. I think we ramp up to roughly $400 mill plus in the next financial year. MC is around that now. I know this is the riskiest part between now and EOFY but if it works out the way I'm thinking, this is definitely an LT.

    We're only got open cut mines? no underground? Less risky in my book. Just my thoughts.
 
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