TSX:TECK.A - Post by User
Post by
drunk@noonon Jan 24, 2022 11:28am
190 Views
Post# 34352840
This is a coal not a copper story. i.e a 160 gross margin
This is a coal not a copper story. i.e a 160 gross margin$US per tonne on coal, with 25 mill tonnes a year represents 5 billion a year cdn in cashflow. THISC DWARFS COPPER!!! That said, given the 300 plus price spot coal has been fetching in china---what kind of contracted price can we expect when dealing with longtime japanese customers.
-it is too bad they have only been able to sell a small fraction of their production into this $300 china market, but such high prices are usually reflected in annaul agreements.