burdenboy, "So, what would our profit before tax be? $10/tonne or $20/t or more?"
I'll have a very basic go at it, please add if you can. OPEX 700km x 0.04c = $28.00 per tonne (to get the coal to Abbott point) Mining cost = $10.00 per tonne (remembering waratah will mine at $7.00 per tonne at 60m depths) Port = $5.00 per tonne other costs = $20.00 per tonne (finance cost, royalties etc)
total = $63.00 per tonne
Current spot price = $123.30
Gross profit = $60.00 per tonne
Nice aye, can this be right?
EER Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held