With coal prices as they are I did some quick calcs to see where it may sit.
Jan - 80k tonnes @ $150 per tonne - 8.4 mill for our 70% share
Feb - 85k tonnes @ $175 per tonne - 10.4 mill for our 70% share
Mar - 90k tonnes @ $250 per tonne - 15.75 mill for our 70% share
The already had $23 mill in inventory which I assume is coal from their annual report. That would be costed at much lower prices so effectively
could be worth double if not sold until Feb/Mar
The above doesnt take into account expenditure but revenues for the Q could be over $34 mill - We did 26 mill for the half
Cash at bank should be 15-20 mill. in the next quarterly you would think and if they ramped up production more than we I have calc
above then these numbers could be conservative
With coal prices as they are I did some quick calcs to see where...
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