Bounty is permitted, producing and has all infrastructure in place with no capex required
Recent purchases of tenements in the Bowen basin with no env approvals and capex to spend trading for $200m+
Recent sales prices for coal in ground per tone would put B2Y well over $5000m ( SMR paid $1.57 per ton in ground and B2Y has 670mt + JORC2012, current value 40c p/t)
4th coal cutting team go under ground on July 4th with coal being cut from July 23. Volume is ramping up
Bounty’s coal is priced ~ PHCC less 15% or for the more technical page 4 of Platts it is HCC 64 mid vol minus 7% so in AUD terms =$213 AUD
My back of enveloped numbers have Bounty making free cash flow now and only getting better with volume
B2Y Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
