Detailed SGQ Stock analysis!
What is price of coal in Mongolia today?
The spot price of coal per metric ton in Mongolia today 12.03.2024:
Anthracite coal, MNT/MT: 497537
Coal 5,500 kcal, MNT/MT: 452306
Coal 5,000 kcal, MNT/MT: 352798
Coal 4,500 kcal, MNT/MT: 352798
450,000 MNT = US$ 130
350,000 MNT = US$ 101 (used for calculating )
During 2023 Mongolia exported about 62 Million metric tons of coal. The 2nd largest export port in Mongolia is CEKE Port, handling 35% of total exports about 21 million MT. SGQ only 46 km from CEKE, we contributed about 25% of that, about 4.2 Mill MT.
Government of Mongolia targets for 2024 100 Million tons. 35% CEKE, 25% of that SGQ. Say 8 Million MT. Say 50% profit margin = $50 per MT. = potential profit,
using cheapest US$200 Million, = C$270 Million. Divide by 295 Million shares =C$ 0.9 per share. If trading minimum 3 x earnings, share price second 1/2 of 2024 could be C$2.70 per share, sustainable!!
Do your own due diligence!