Strong Turnaround, page-3

My take on this.

Positive:
Focused on continued debt reduction
Atlas has long-term contracted capacity of up to 13mtpa at Utah Point for 10+ years
Corunna Downs C1 cash cost of $37 - 43/wmt


Negative:
2018 FY guidance of Full cash cost (A$/wmt CFR China) $54-$58. This is an increase in cost to the current $53
Production of 14.4mt in FY2017 (FY2016: 14.5mt). Couldn't they have squeezed out another 100, ooo??



Net profit after tax of $48m (FY2016: loss of $159m). Nice turn around for sure. But does a 48m profit attract the big players? we will soon see.