psi81 found it in yesterday's AGM presentation. Shows the total...

psi81 found it in yesterday's AGM presentation. Shows the total costs to get it to port. saw it in the first coal release also last week.

Did anyone got to the AGM and ask them about costs and time for Penumbra

In AGM Preso on page 31 for this year and on slide 32 for the rest. Full OpCosts of about $55/t look good. Margin of $30 based on today's low prices. So maybe $15,000,000 a year in EBITDA

Says also that the other mine Ferr is about $74 so higher cost

Spoke to my broker at UBS and he said most here in Queensland are about $85 to $90 and you are right by the sound of it that many over here need prices to go to over $100 before any serious money is made.

Has been tough up here in the coal lately andnonly good I've seen today is Centennial closing two mines In NSW. Go Queensland! Go the Maroons!