{"id":11236,"date":"2021-10-19T02:03:50","date_gmt":"2021-10-19T02:03:50","guid":{"rendered":"https:\/\/economicherald.net\/?p=11236"},"modified":"2021-10-19T02:03:50","modified_gmt":"2021-10-19T02:03:50","slug":"resources-top-5-this-180m-coal-stock-expects-to-book-an-eye-watering-80m-profit-for-q4","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11236","title":{"rendered":"Resources Top 5: This $180m coal stock expects to book an eye-watering $80m profit for Q4"},"content":{"rendered":"

Lode hits \u2018significant sulphides\u2019 at Webbs Consol silver project
\nCoal producer Terracom predicts $81m EBITDA for the December quarter
\nCannindah hits monster 282m @ 1.28% copper equivalent intersection at namesake project<\/p>\n

Here are the biggest small cap resources winners in early trade, Tuesday, October 19.<\/p>\n

\u00a0<\/p>\n

LODE RESOURCES (ASX:LDR)<\/a><\/h2>\n

The newly listed explorer<\/a> hit \u201csignificant sulphides\u201d \u2014 including 27.5m at ~15% sphalerite (zinc ore), 1% galena (lead ore) and 0.5% chalcopyrite (copper ore) \u2013 in maiden drilling at the \u2018Webbs Consol\u2019 silver project in NSW.<\/p>\n

This intercept \u2014 directly below the Webbs Consol main shaft where historical mining was recorded to a vertical depth of 60m \u2013 indicates the orebody continues at depth:<\/p>\n\n

Significant silver mineralisation is also expected to be shown in assays, which are anticipated in 3-4 weeks.<\/p>\n

The $11.7m market cap junior is up 50% on its IPO price of 20c per share.<\/p>\n\n

<\/span>\u00a0<\/p>\n

TERRACOM (ASX:TER)<\/a><\/h2>\n

Coal miners are raking in the cash.<\/p>\n

The latest to report results is Terracom, which made $17.2m EBITDA (earnings before interest, tax, depreciation, and amortisation) in September from the \u2018Blair Athol\u2019 mine.<\/p>\n

This was from revenue of $177 per tonne of coal sold (margin: a hefty $101 per tonne).<\/p>\n

More importantly, TER says forecast revenue for the entire December quarter will be $230\/t \u2013 which would give it a cash margin of more than $140\/t.<\/p>\n

At forecast production of ~575,000t, that equates to EBITDA of over $81m for the quarter. Merry Christmas, shareholders.<\/p>\n

The $180m market cap stock is up 53% over the past month.<\/p>\n\n

<\/span>\u00a0<\/p>\n

VALOR RESOURCES (ASX:VAL)<\/a><\/h2>\n

(Up on no news)<\/strong><\/em><\/p>\n

On October 11, VAL announced that rock sampling returned thick, high-grade copper at the \u2018Cobremani\u2019 and \u2018Maricate\u2019 targets, part of the Picha project in Peru.<\/p>\n

Results include a 35.6m long channel sample averaging 1.3% copper and 22.85g\/t silver at Cobremani, as well as several samples up to 13.4% copper at the 1km-long Maricate target area.<\/p>\n

Over 150 assay results from the Maricate and \u2018Cumbre Coya\u2019 targets are expected imminently.<\/p>\n

Geophysics and drill planning will kick off once the current field program is complete, VAL says.<\/p>\n

This\u00a0Tolga Kumova favourite<\/a>\u00a0also has uranium projects in Canada\u2019s Athabasca Basin.<\/p>\n

The $45m market cap stock is down 5% over the past month, but up 90% year-to-date.<\/p>\n\n

<\/span>\u00a0<\/p>\n

CANNINDAH (ASX:CAE)<\/a><\/h2>\n

Looks like CAE has grasped the tail of a monster at its namesake project in QLD, with new assays returning a further 92m at 1.2% copper from the bottom half of hole 21CAEDD002.<\/p>\n

All up, this monstrous intersection totals 282m @ 0.94% copper, 0.3 g\/t gold, and 19 g\/t silver \u2014 which translates to 282m @ 1.28% copper equivalent.<\/p>\n

The next hole, (21CAEDD003) still has assay results pending, with the hole ending at 762.6m (versus a planned 250m). CAE is expecting these \u201cin the short term\u201d.<\/p>\n

The brownfields \u2018Mt Cannindah\u2019 copper-gold-silver project has an existing resource of 5.5 million tonnes @ 0.93% copper.<\/p>\n

The company is currently undertaking a 1,450m drilling program to explore both new and existing areas.<\/p>\n

The $116m market cap stock is up 130% over the past month, and 666% year-to-date.<\/p>\n\n

<\/span>\u00a0<\/p>\n

TIGERS REALM COAL (ASX:TIG)<\/a><\/h2>\n

The Russian coal producer has been experiencing exceptionally strong demand for its met and thermal coal, particularly in China, it said on October 15.<\/p>\n

\u201cThe Chinese spot metcoal market has been very strong for US, Canadian and Russian coal producers, with CFR prices for hard coking coal (HCC) rising from $300\/t in Q2 to around $400\/t at this moment,\u201d TIG says.<\/p>\n

\u201cOccasional cargoes are rumoured to have been secured at prices approaching $600\/t.\u201d<\/p>\n

And when it comes to thermal coal, the current QHD marker price is RMB 1,461\/mt, which is up by 46% since the start of Q2 and is providing strong support to Russian import prices, TIG says.<\/p>\n

\u201cNewcastle 6,000 NAR and 5,500 NAR coals are trading at $203\/t and $115\/t respectively, according to trade publications,\u201d it says.<\/p>\n

\u201cWhilst prices are expected to moderate eventually, supply is so tight at present that significant retracing is not likely before the end of the Chinese winter season.\u201d<\/p>\n

\u201cGiven our mining and port performance for the first nine months, TIG raises its full\u2010year 2021 sales guidance from 700 \u2013 800kt to 800 \u2013 850kt.\u201d<\/p>\n

TIG\u2019s costs of production were US$32.96 per tonne for the six months to June 2021.<\/p>\n\n

\ufeff<\/span><\/span><\/p>\n

The post Resources Top 5: This $180m coal stock expects to book an eye-watering $80m profit for Q4<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Lode hits \u2018significant sulphides\u2019 at Webbs Consol silver project Coal producer Terracom predicts $81m EBITDA for the December quarter Cannindah hits monster 282m @ 1.28% [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11237,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nResources Top 5: This $180m coal stock expects to book an eye-watering $80m profit for Q4 - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11236\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resources Top 5: This $180m coal stock expects to book an eye-watering $80m profit for Q4 - 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