Looks like Coking Coal is the next hot thing/flavour of the month and it's going bunta bananas.
NCR up 60% today and still only at a $6.1m MC with $2.5m cash - EV of $3.6m.
Coking Coal project in NSW that it's fighting to get either reinstated or get compensation from the Government.
MEL recently got a $25m payout from the NSW govt. so wouldn't be surprised for a similar result with NCR.
Cheers,
GB.
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