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B2Y - Bounty Mining

Discussion in 'Stocks 0-H' started by System, May 17, 2018.

  1. System

    System Administrator

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    Bounty Mining is a coking coal mining and resource development company. Bounty owns the operating Cook Colliery and coal handling plant, Cook CHPP, in the Bowen Basin in Queensland. The Company owns additional development assets in Queensland, including the Cook North Project and the Minyango Project in the Bowen Basin, and the Wongai Project in the Laura Basin.

    Bounty's strategy is to be a hard coking coal producer and exporter. To achieve this, the Company intends to expand operations at its Cook Colliery to four underground mining areas, with the intention of producing approximately 2.2 Mt per annum (on a run of mine basis) by bord and pillar mining methods. In addition, Bounty seeks to leverage the Cook CHPP to develop the Cook North Project and the Minyango Project. Bounty will also assess potential joint venture and coal toll processing opportunities at the Cook CHPP. In the longer term, Bounty plans to develop the Wongai Project

    It is anticipated that B2Y will list on the ASX during June 2018.

    http://www.bounty.com.au
     
  2. SailaSaila

    SailaSaila

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    B2Y is setting up to moon. Have confidence of $1.00 by end of year
     
  3. greggles

    greggles I'll be back!

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    Nice ramp.

    What is your confidence in that $1 price target based on? Please elaborate.
     
  4. barney

    barney

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    LOL … Not sure about the $1 per share valuation @SailaSaila but I like your confidence:)

    Recent addition to the ASX with a producing Coal Project … They raised $18 million at their IPO so will have a bit of available cash ….. Not sure what income their Coal is going to produce but it looks like a big Project at a glance ….

    Management look very tidy with lots of Coal experience on the Board …


    GARY COCHRANE
    Chairman & CEO, 9.9% Shareholder (at IPO) Original Director / Founder / Developer of Millennium Coal • Gary has more than 30 years’ experience in the mining, engineering and construction industry. • >18 years’ experience as an international mining and management consultant to the coal and hard rock mining industries. • Gary was a founding investor and director of the Millennium coal mine during development from greenfield exploration through to production.

    ROB STEWART
    Independent Non-Executive Director Rob has 40 years in mining, construction, international exploration and was previously CEO/MD of Whitehaven Coal, GM of Thiess Pty Ltd and Executive Director CRSM LLC (Mongolian resources).

    KEVIN JIAO
    Independent Non-Executive Director Kevin has over 26 years’ experiences in international coal marketing and trading.

    JULIE GARLAND MCCLELLAN
    Independent Non-Executive Director Julie is a professional company director and has experience on a number of listed and not for profit boards; currently including Filex Holdings.

    ADAM FOULSTONE
    General Manager & Site Senior Manager, Cook Colliery Experienced General Manager, Site Senior Executive & Mining Engineer. Formerly GM & SSM for development of the Grosvenor coal
     
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