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0.00% 37.5¢ endocoal limited

re: Ann: Meteor Downs South Open Cut Project ... Nice margins...

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  1. bsredoje
    1,943 Posts.
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    04/04/12
    12:59
    Post #: 9941416
    re: Ann: Meteor Downs South Open Cut Project ... Nice margins indeed. Current spot price for Australian thermal coal is around US$110 versus low OPEX of $42.5. Also low CAPEX of $42M and inital reserves of 14Mt. First 1Mt production should be enough to pay off for CAPEX.No wonder someone is happy to takeover @60c.Its cheep at these prices.Won't stay there for long IMO
    EOC Price at posting: 42.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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