Bens Creek Group PLC (BENB)

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Feom X:- 𝗕𝗲𝗻'𝘀 𝗖𝗿𝗲𝗲𝗸 𝗠𝗶𝗻𝗶𝗻𝗴 𝗣𝗿𝗼𝗷𝗲𝗰𝘁- 17.2 million in-place tons of metallurgical coal resources, with a potential of a further 30.9 million tons- Proven and provable recoverable coal reserves of 2.34 million tons

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Gareth Barnes Sep 21, 2023 8:35

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We may see .22p today. I believe 50p short term a real target.

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Gareth Barnes Sep 21, 2023 8:25

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1million tons of clean coal a year !

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Gareth Barnes Sep 20, 2023 22:29

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I watched the CEO in an interview on Pro Active from today. He said several quite astounding things. 1. At $190 a ton they were breaking even. 2. At the current $233 they were doing very well. 3. They are going to mine around 1 million tons of clean coal a ywar going forward and from of course now. Aiming for 70-80 thousand tons a month. Thats about $30-40 million a year profit. Buy!!!!!!!!

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Gareth Barnes Sep 20, 2023 22:17

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A million tons a year target!! Bens Creek Group PLC (AIM:BEN, OTC:BENCF) CEO Adam Wilson speaks to Thomas Warner from Proactive about progress at the metallurgical coal producer's mine in West Virginia. Bens Creek recently started working double shifts on both of its high wall miners at the site, propelling production towards the coveted million-tonne mark Wilson expects production to reach new records highs in September and October after a problem with one of the machines that has now been fully resolved. Wilson says that in challenging market conditions, Bens Creek has been very effective in taking cost-cutting measures, reducing expenses in both power sources and underground mining. He expresses gratitude to the dedicated team, acknowledging their pivotal role in the company's success. The recent surge in metallurgical coal prices to more than $233/t promises a brighter outlook for the company, with the additional margin going "straight to the bottom line." With new shareholders

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Gareth Barnes Sep 20, 2023 22:15

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Power On!!

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Gareth Barnes Sep 19, 2023 8:48

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One analist has Bens at .87p. I think short term .50p is easily possible now both high wall miners are working. If one can produce 30k tons a month plus the underground 10k a month we coukd be looking at 80k tons a month easily on full tilt. At $230 a ton and rising thats a lot of money.

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Gareth Barnes Sep 18, 2023 17:55

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So nice to see “Warrior Met Coal” getting a solid share price lift after the metcoal price rise. Its a shame the UK is such a poor place for companies like Bens creek to get a decent valuation.

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Gareth Barnes Sep 18, 2023 10:43

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The numbers are rolling in. I would be surprised if the share price didnt double over the next month. Adam Wilson, chief executive, commented: "We are delighted to be able to report that the two highwall miners have started double shift production. “This is a significant milestone, especially when added to the record coal production month in August. “We expect September's coal production to exceed August's numbers." Costs of production payable to its contractor have also reduced by US$3 per ton, he added, with further reductions expected from production increases and volume discounts.

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Gareth Barnes Sep 17, 2023 22:45

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Ive watched some very recent video from site. Production has ramped up and with two shifts and both highwalls now working and operating the production will be through the roof. Along with revenue of course. Couple that with the rise is coal prices and Bens Creek is going one way fast.

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