NMR 3.03% 3.2¢ native mineral resources holdings limited

Have to agree Nihilism. From August resource update, the average...

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    Have to agree Nihilism.

    From August resource update, the average yield is around 52%, you will lose around another 5%-6% in production, So saleable ton yield maybe around 47%.

    Raw CV value only 16.7MJ/KG (3988Kcal/kg), after washing, average CV is around 22.5MJ/KG (5373kcal/kg).

    Strip ratio looks high, maybe around 10:1.

    No rail network for export.

    All these will make high cost for export, 5373kcal/kg currently spot price maybe around $70.

    Looks like it can't make money from export, need coal price higher.

    An option for NMR maybe local market.
 
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