Coal price30 Sep 2021 09:38
The price of coal globally has increased hugely in the past few weeks, BISI stands to benefit greatly. Simply just an extra $25 per tonne would bring in adlditional $7.5 million on the estimated 500,000 tonnes being mined in the 2nd half of this year. All that is likely to translate into $7.5 million additional profit. However, I believe the price increase is considerably more than $25 per tonne. On the other hand, perhaps BISI has done forward selling? Whichever way, BISI is heading for a Bonaze time, IMO.