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To 100mm tons coking coal in 2024. This is obviously huge news for sgq as it assumes that the mongolia/chinese relationship continues to heat up after years of mixed signals. Earnings should be out any day and the revenue numbers are going to be similar to q3 if not higher. Profits should also be similar altho the company did pay put 7$m to the debt holder in q4 which will hurt profitability but at least they are taking care of cleaning up the balance sheet, albeit slowly.
Bottomline, stock is worth more than 67c canadian.
https://www.sustainable-carbon.org/mongolian-coal-exports-to-china-to-rise-to-100-million-tons-in-2024/
