This is my basic maths based on the last announcement and very rough estimates of price of coal per metric tonne. 100,000 mt at $60 equals 6 mill. Avexa has a 30% stake, that's 1.8 mill for 2015. They state that this is 15% of the capacity of the mine and they have no contract to sell the rest of this yet. So even if they sell the capacity of the mine this still is only 12 mill Avexa will generate, still well short and how long will this take? There's a reason they are being vague of details, I think they realise that the 30 million needed is a pipe dream
AVX Price at posting:
1.7¢ Sentiment: Sell Disclosure: Not Held