Roughie, Salty, folks
What kind of margin do you think Bengalla has been operating at for the past six months?
I was under the impression that WHC produces thermal coal at AUD $56 tonne all in costs. (no source).
Bengalla may have similar costs of production. It was profitable when the price of thermal coal was USD $55 /AUD $75 at the time of purchase.
With a margin of AUD $40-50 tonne, that $35-45M a Qtr from Bengalla.
I also think NHC will perform well this year.
They must also be also close to mining approval and FID for Colton Met.
Ann: New Acland Stage 3 Approvals Update, page-8
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