I was just using this season's shipping average price & coal mix.
The company issued a statement 9 months ago that the initial coal coming out of the pit was lower grade oxidised thermal and TIG has not issued any guidance on quality since then. We simply have to wait until the end of January for the Dec quarterly.
I agree with you, that all things being equal, Queensland mines should take a water which will limit
supply short term and lift price.
During ramp-up the company should issue regular production upgrades particularly until production quality & quantity normalises . No doubt the major shareholders represented on the Board know this vital/fundamental information already. That's what's so inequitable about this company.
By the way, my earlier guesstimate of revenue for this shipping season was pretty well spot on at $16 mil
AUD odd.
A better mix of coking coal during the 2018 shipping season would go directly to the bottom line.
Add to My Watchlist
What is My Watchlist?