Member Info for bigkahuna

+$5 is actually worth a further 21p a share to BEN based on their ambition to be producing 2m tonnes per annum. What a fabulous Company.

https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-PA00128862100

Last night METCoal went up $22.50, the ambition of BEN, after an acquisition or two, is to get to 2m tons production per annum. The $22.50 will go straight to BEN's bottom line, ie +$45,000,000 x a PE of 10 (slightly less than Warrior Coal their nearest listed player, and the increase in the value of BEN is $450,000,000 which is 1.6x the entire market cap of BEN now. To put that in share price terms that is an extra 96p a share = 156p a share. If the MET coal goes up another $22.5 that's another 96p on the BEN share price!
This is why BEN is such an exciting Company.
Now take this a step forward, 2m production at $360 pt, profit $230 pt = $4,6b =$13.07 a share. Yes a few things have to fall into place but this is possible, even likely, a year from now.

The cost of extraction washing etc is $95 as stated by AW in one of the SR interviews, there are some royalty payments on top. But MET Coal B is now $360 a ton so the margin is actually well over $200 pt. The most important part is when you mine 1000 tones you get approximately 500 tons of clean coal to sell. When you mine gold or many other precious metals you get 1 or 2 grams of metal per tonne and the crushing and extraction costs are way way higher than MET Coal.

This is way more profitable than gold, silver, lithium, tungsten, copper etc etc In fact nothing beats the profit margin of MET Coal

Wash Plant to process considerable HIGHER volumes than expected, MET Coal hitting new highs......BEN is going through the $1 level soon.

to buy 100m tonnes of MET Coal from Russia. That will blow the supple/demand out of the water and the price will appreciate over the next month or two.

This sell off is lunacy, oil, gas, coal all massively up, metals all up, any Company in these sectors is a massive beneficiary of Putin but they are all down. I'm buying them, this is madness IMHO

Putin attacking Ukraine is great for metals, coal,oil etc, all the prices will move up now.

Not me, I'm a mountaineer, the higher the better, still buying more. Don't average down, always average up is my motto, this will be over the pound level in a month or two. The fundamentals here are absolutely outstanding before this latest deal, after it, I suspect this will look very verycheap again.

$6m is quite a lot of cash when you can take over other coalmines on royalty deals and he still has half the last cash left and cash rolling in every day. So this deal could be a really big one, possibly even doubling the size of the Company and the share price. I think we will see £1+ in the next couple of months. Whatever, sooner or later we go through the £1 level imo.

But you ain't seen nothin yet, wait until the MIGHTY WILSON announces his next deal or deals over the next few weeks !!!

to know they have a mega deal under negotiation that will be massively earnings enhancing but still a few silly shareholders have panicked out this morning ! I'm buying more.

Big Funds are throwing cash at Ben but they do not need cash, unless they plan to make a very big deal. More coal, more equipment all at a bargain-basement price. So this is why the market was strong yesterday, this could be through £1 very soon imo

Hold on for a double ride, single fare.

Metallurgical coal is a vital part of the steel value chain today – and steel is a material that will continue to form the backbone of the world’s infrastructure development for decades to come. Steel is also fundamental to the transition to a low carbon world – given its use in much of the required equipment and infrastructure for renewable energy – and is central to the achievement of the UN’s Sustainable Development Goals.

https://www.mining.com/anglo-american-switches-on-new-aquila-met-coal-mine/

The shares have been quiet for a while but there feels a tension building and soon buyers will have to pay up to get lines of stock. Weird I was typing this, took a call and they moved up.

The big trades above market are a sure sign that some buyers have arrived and taken out the overhang that has been dogging the share price for a few weeks. Normal service can be resumed now. Onwards and upwards. I just bought a bit more.

BEN is down slightly today and yet the BUY volume is double the SELL volume, we must have a seller of size in the camp.

DropD these forecasts look way too pedestrian to me, it is likely BEN will blow these out of the water, but at least they demonstrate how undervalued this little Company is.
Meanwhile HighVolB continues to increase in price.
https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-PA00128862100
Also don't forget 30% of BEN's coal is HighVolA which is now $400 a tonne !!