The answer is in today's coal price for met coal and their projected production (out of their presentation posted)
Targeting Q2 CY2017 for mining to recommence / April - June start 2017
• Targeting 600 - 800kt saleable coal in CY2017 / So assuming @ todays price = 800kt x $240M of revenue before costs
• Targeting 1.5Mt - 2.2Mt of saleable coal in CY2018 / so assuming 2018 = 2.0Mtpa x $500M of revenue
2018 @$250 met coal = Gross EPS: $0.30/ share
The market capitalisation of the cok just grew by my maths if prices hold around these levels - i doubt they will be shorted unless they get delayed or prices fall significantly.
RT
The answer is in today's coal price for met coal and their...
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