cash position for 2012
"For the period May 2012 to December 2012 the Company anticipates spending the following amounts, based on the revised
operational plan: operating costs of approximately $36.0 million and new capital of approximately $16.0 million. The
Company’s plan for calendar 2012 anticipates the sale of approximately 470,000 tons of coal, which translates into almost 7
full Panamax shipments of coal. This scenario would leave the Company with approximately $18 to $24 million in cash,
using projected prices between $130 FOBT and $160 FOBT."
DOES THIS MEAN THEY WILL HAVE 18 MILLION TO 24 MILLION IN CASH IN THE BANK,??