RE: coal extraction forecast7 Jan 2022 17:00
yep, I got it wrong. So HWM pulling out 80K tonnes raw per month converts to 40K tonnes processed coal. So double all my figures below. $78m per year profits from 1 rig. $156m with 2 rigs. That would be more than the current mcap!
I had written all this correctly in a post here a month or 2 ago, but it has got buried along with my own notes at home. Glad I have been corrected. So look, double the profits I stated at 15:30 today. That's gotta be worth buying into BEN before the end of the month but DYOR as people don't always like to share their own and will just tell you to watch the podcast etc.
FYI the metcoal price is currently >$300t now so those profit figures based on $277 will actually be higher if the coal price stays above 277. GLA.