So I'm going to put a value in nae.
100m tonne JORC- 50c a tonne. 50m-20c per share
Scoping study showing 1m tonne a year production for low capex and $50 margin at today's coal price- NPV approx 150m (ultra conservative)
70c share
CURRENT SHARE PRICE 4c - EV- 5m
Upside is huge and risk is tiny at these prices
exciting times ahead, page-9
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