the coal operation alone makes Indo Mines to an undervalued player. Production volume till August is 25 K/month and then 35 K/month. Next productiontarget is 50 K/month.
In june, the production @ jogjakarta project will start and will generate additional revenue.
The Mangkok mine is already in production, so i estimate the non operative costs a little bit lower than the non operative costs of jogjakarta pig iron project.
