Bounty is permitted, producing and has all infrastructure in...

• Bounty is permitted, producing and has all infrastructure in place with no capex required
• Recent purchases of tenements in the Bowen basin with no env approvals and capex to spend trading for $200m+
• Recent sales prices for coal in ground per tone would put B2Y well over $5000m ( SMR paid $1.57 per ton in ground and B2Y has 670mt + JORC2012, current value 40c p/t)
• 4th coal cutting team go under ground on July 4th with coal being cut from July 23. Volume is ramping up
• Bounty’s coal is priced ~ PHCC less 15% or for the more technical page 4 of Platts it is HCC 64 mid vol minus 7% so in AUD terms =$213 AUD
• My back of enveloped numbers have Bounty making free cash flow now and only getting better with volume