Member Info for Barno61

Results and news tomorrow. Expect great production results and along with that firm profit going forward. Especially with the rise and rise of met coal prices. . Tha past years results wont be great but are really of no consequesnce.

There’s a lot of coal and profit coming our way.

- 17.2 million in-place tons of metallurgical coal resources, with a potential of a further 30.9 million tons

- Proven and provable recoverable coal reserves of 2.34 million tons

buff.ly/3DXnbo6

#BEN #MetCoal

In a recent interview ( available on a few social platforms) it was said by the the company that at $190 it was difficult for the company to break even. So anything above $190 we can assume is profit.

5 days to go - the weekend so 3 days trading to the results. Should be an interesting week.

There’s one certainty here. The production has ramped up dramatically and any bad news is behind us.

The second high wall miner is now running on cheaper electricity and no more generator saving a fortune.

Production should be around 80000 tons a month with a profit on anything over $190 a ton. .

80000 x say $50 profit a ton is $4 million a month x12 = $48 million .

Give a PE of only 5 x = $230 million valuation give or take.

That’s at least 3 x the current share value. IMHO.

Anyone?

Could anyone explain why there are seemingly trades going through at £2.12. £1.79 and many others at seemingly ridiculously small trades? I’m very confused..

New video on X. A brief video describing the new electrical connection to a high wall. 25 hundred KVA direct connection will save an enormous amount of money compared to a diesel generator. As an electrician I should know..