RE: RE: You will miss CMK by next Gunns
Great Post
Looking at the technical report on cline's website, SEE TABLE 23-7 for economic model. The model has cline's cost at approx 68 / short tonne excluding transport. The prices for Free on Rail (after paying for transport of $30-$40 per tonne) range from 120-160 with most yrs at $140 per short tonne Free on Rail.
Gunns, your overall cost at 115 already includes all SG&A. Therefore 132M EBITDA * 5 = 660M - 75M debt 585 / 230M shares = 2.54.
People, the 1.4 billion NPV was never done with 310 / tonne coal prices. It was done at a short tonne range of 120-160 net of transport which is reasonable after discounts.