B2Y 0.00% 2.9¢ bounty mining limited

Ann: June 18 quarter production report, page-37

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  1. 35 Posts.
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    I think it's worthwhile keeping in mind that Bounty acquired this mine for circa $40m. It was essentially cutting coke straight away. For any other miner to build and develop this mine to where it is today would have taken $hundreds of millions to get here.

    All of the coke that they are bring out of the ground is already pre sold and shipping out straight away. Coke price forecasts are strong. It's no secret that China and more so India must increase their mass steel productions to keep up with demand, luckily for Bounty they cant make their steel without coke.
    There are news articles and reports to support all of this. Can dig them back up if needed.

    Go looking into it for yourself. Maybe research the substantial shareholders in this company whilst you're at it.

    DYOR
 
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