Bathurst Resources - BRL

[BlackPeter]

My concern is how long will they remain cashflow positive?
The price of thermal coal has been decreasing and their thermal coal contracts are not all long term....will these be renewed and at what price?
Personally I think BRL will need to raise cash to survive.....

I think t64p has a point ... coal, coking coal and the derived steel is quite expensive to transport - i.e. local producers can command a premium. It certainly looks like the New Zealand coking coal market returns much better prices than currently international markets.

Still don't get my head around how Carbon scape (https://www.snowballeffect.co.nz/carbonscape) can get through with a business case assuming long term $450 / ton of coking coal (and claiming that they get even at todays depressed prices $350 from NZ Steel) - but even if BRL manages to get just half of that price, than they would be rocking all the way to the bank.

So - who knows what the future brings, but in my view BRL is at current prices a worthwhile risk to take - but hey, no doubt - it is a risk!