AQA 0.00% $3.37 aquila resources limited

Ann: Eagle Downs Hard Coking Coal Project Offered, page-2

  1. 2,688 Posts.
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    re: Ann: Eagle Downs Hard Coking Coal Project... Did anyone else like this announcement? I thought it was a cracker! How many jewels does AQA have in its project pipeline? This project, which they own 50% of is targeting what(?), ultimately 8mtpa of high quality coking coal...with 4.6mtpa in stage 1. Securing port capacity is an enormous milestone.

    The announcement makes the point:

    . "Annual EBITDA for the project is forecasted at $350 million at 4.0Mtpa using current contract hard coking coal pricing and an exchange rate of US75 cents"

    Ok, so at say US90 cents we are still talking say $300m EBITDA of which AQA is entitled to half.

    On top of this there is Washpool, Belvedere, Isaac Plains and the West Pilbara Iron Ore project.

    Given the possible exercise by Vale of their option to purchase the remaining 24.5% of Belvedere for a tidy sum, with Baosteel on board, and with projects of the quality they possess, the downside looks limited to me...failing another GFC that is!!

    regards
    DF
 
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