1MC 20.0% 0.3¢ morella corporation limited

march presentation disappointments

  1. 71 Posts.
    lightbulb Created with Sketch. 3
    1.Mt Webber margin-while the gross margin is shown as $25 a ton there is no reference to the capital cost & repayment. My understanding is the cost is approx 30% of $140,000,000-viz $42,000,000 & would no doubt be charged at about $10 a ton. Also, our share is now shown as 30% of reserves, not 30% of total tonnage.
    2.Delta coal mine-For US$25,000,000 we are currently receiving a margin of just under $8 a ton-it looks about break even only.
    3.Tabalong forest approval delays just seems to go on for ever.
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.