Thanks for raising that coal price issue - it obviously makes a huge difference to the viability of the Nuurst project.
I was using the price of $60/t for thermal coal at the Chinese border from TVN's "Acquisition of Coal Project Mongolia" announcement on June 24. They also mention that seabourne thermal is $120/t.
I believe them because this article and this one put seabourne coal prices at around $130/t. Note that this is for 5,500 kilocalories/kilogram coal whereas Nuurst coal is 6,688 - which will bring a higher price.
Therefore the price of $60/t at the Chinese border is quite realistic and probably even conservative.
I'm not sure why your article suggests a value of $20/t. What calorific value is it? Is that the price at the mine site (like anything, it will be cheaper at the front gate than hundreds of miles away)?
I can't see why it was suggested that the coal quality is less than expected. They were anticipating thermal coal with a calorific value of between 6,200 and 6,800 kcal/kg and have ended up with 6,688 - towards the higher end of the range.
I personally don't think coal quality was the reason for the drop from 9c. I think it was a simple case of being due for a pull-back - compounded by global market conditions spooking people. I actually feel I'm lucky to get back in at these prices - I didn't think we'd see under 7c again.
- Forums
- ASX - By Stock
- TVN
- volume
volume, page-9
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.0¢ |
Change
0.007(13.2%) |
Mkt cap ! $84.63M |
Open | High | Low | Value | Volume |
5.5¢ | 6.0¢ | 5.5¢ | $267.7K | 4.724M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 57701 | 2 |
Last trade - 15.53pm 18/11/2024 (20 minute delay) ? |
Featured News
TVN (ASX) Chart |