A road from Denniston to Stockton load out facility and coal to Lyttleton issues are soughted. Anyone know the topography thru this area for that feasibility????
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A road from Denniston to Stockton load out facility and coal to Lyttleton issues are soughted. Anyone know the topography thru this area for that feasibility????
Looks not to bad actually...
http://www.asx.com.au/asx/statistics...idsId=01655904
(hope the link works)
Yes, not going broke, so just patience required for an upturn in the coking coal price and/or off-take agreement/investment.
Export coal "Focus on margin not coal price" certainly something to work towards and great to see, but hard to squeeze a reasonable margin at current prices -costs and coal, however the projected NZ$73 a tonne cash cost of coking coal production for FY16 is a very good start!!
( less than US$48 a tonne in today's money!)
I really like the upside possibility of BRL. From around 2 cps has the potential of multiplying the share price many times.
Disc hold quite a few, some for quite a while, so I may be biased.
that is there FY16 target, on slide 6:
"Reduction of mining costs from FY14 of 40% ... Target FY16 – NZ$73/tonne, average cash cost of mining."
Now I see it - cheers! Yes - sounds like a good target, though it is obviously only that ... and overhead cost come on top of that (though they said that they reduced these as well.
Good though, to see them fighting - though they obviously can't do a lot about their largest competitive barrier - the high transport cost to bring the coal to the next real harbour. To be long term successful they will need as well either a rise in the coking coal price - or a very innovative transport solution.
Has anyone tried to sell their BRL shares on the asx since the delisting on NZX? I trade via ASB Securities and it currently wont let me place a sell order on the asx... as it tells me I don't have any existing shares to sell. Bugger.