Regency Mines forecasts $30mln revenue for its US coal project by next June.
Andrew Bell, Regency Chairman, comments: "MET has got off to a good start, producing coal and establishing management and reporting systems. That so much has been achieved in a holiday month is a testament to the skills and dedication of the MET team and of LHR. The forecasts for sales and revenues represent a strong base case based on exhaustive analysis, and we look forward to further progress as the business develops."
MET expects to sell 59,250 tons of coal for a total revenue of $2,695,440 in September 2018. This sales level reflects that being achieved on a daily basis in the latter part of August 2018. For the ten-month period to June 2019 MET expects to sell 692,196 tons of coal for total revenues of $30,468,239.
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