"Outrageously positive" is what we should all be.
Everything in the quarterly was positive. Price/quality/quantity all at the top end of expectations.
And there's more (not just steak knives, there was also a resource upgrade).
The company is saying they are performing very strongly and they will reach guidance. So that says most likely upwards of 6m tonne for the June quarter.
The company is saying they got a record $315 per tonne for the March quarter, AND YET they had a 13% discount to the NEWC price.
The company is saying they will get a PREMIUM to the NEWC price in the June quarter. So that tells me they should get upwards of $356 for the June quarter (assumes no collapse in the global price).
The cost of production is slated to be the top end of guidance. That beats just about any other mining company I follow. They are all saying costs are much worse.
So what might sound "outrageous" is this:
- Production 6m tonne
- Price per tonne $356
- Cost per tonne $84
- Margin per tonne $272
- Net income for the quarter $1,632,000. Yes, that is $1.6bn
- And guess what!. The company tells it it is not paying tax this year. So guess where the money is going?
It all sounds too good to be true. Can anyone tell me if I have got something wrong with this analysis?
As Lukeytrags says, OUTRAGEOUSLY POSITIVE
"Outrageously positive" is what we should all be.Everything in...
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