Coking coal shoots to 20 month high !, page-55

Cokal really should spend the pittance it would cost to update the 2014 DFS, it would do wonders for the SP !

Back then oil was $100+/barrel compared to now $44/barrel. Parts, labour and other items would have also drastically reduced in cost, given the complete lack of demand and investment in this space in recent years

IMO, those opex figures could drop 10-20% being very conservative, likely more



To get an idea on potential, they give an NPV of $366M based on mining only the measured and indicated resource. If you allow for a drop in opex and assume coal continues to move north, then it isn't hard to see huge potential value here



Even running 2Mtpa at margins of $30/t, it is $60M net p.a, or more than 3 times current market cap

It should be sitting 5-10c