AC Choksi Share Brokers Private Limited
AC Choksi Share Brokers Private Limited
AC Choksi Share Brokers Private Limited
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A C <strong>Choksi</strong><strong>Share</strong> <strong>Brokers</strong> <strong>Private</strong> <strong>Limited</strong>A C <strong>Choksi</strong> Institutional Research |Initiation Report|MINING MOILApril 26, 2011sExhibit 56 -Sales Volumes350,000300,000250,000200,000150,000100,00050,000Exhibit 54 57 -Sales Realisation (in `/Tonne)9,0008,0007,0006,0005,0004,0003,00005,0613,35936,691 42,816 52,6705,4435,770Sales quantity (in Tonnes)6,08564,619 71,406Sales Realisation6,4266,810120,0467,732162,4877,922293,5838,307 8,337327,553Sitapatore Beldongri Gumgaon Ukwa Munsar Kandri Tirodi Chikla Balaghat DongriBuzurgBalaghat & Dongri Buzurghave the highest salesrealisation & reasonable costof miningSales realisations of two of theMOIL’s biggest mines Balghat(`8,337/tonne) & DongriBuzurg ( `8,307/tonne) is thehighest of all mines. MOIL canrealise highest price for itsproduce from the two mineswhich accountedfor ~53% of the total salesvolume.Dongri Buzurg has the lowestcost of mining at `1,188 pertonne. Cost of mining atBalaghat is also at a reasonablelevel of `2,355 per tonne.2,0001,0000Exhibit 58 -Mine Cost per tonne4,5004,0003,500Sitapatore Munsar Beldongri Chikla Tirodi Ukwa Kandri Gumgaon DongriBuzurg3,940Mine Cost/TonneBalaghat3,0002,5002,0001,5003,0772,576 2,5092,3552,151 2,0731,9741,7601,0001,1885000Ukwa Gumgaon Kandri Beldongri Balaghat Sitapatore Tirodi Chikla Munsar DongriBuzurg_____________________________________________________________________________________Source: MOIL Ltd, RHP, A C <strong>Choksi</strong> Institutional ResearchA C <strong>Choksi</strong>Institutiona l Researchresearch@acchoksi.com 40
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