Hi MM,
TATA funding approval - TICK!
Just a really, really quick, in bed with the laptop, valuation:
2011 - 1.7Mt coking + .3Mt thermal = +/- $ 200 M earnings...use a P/E of 10 = $2B + coal reserves of total 10Bt
RIV worth $3B....current valuation $ 1.07B
Shootin' fish in a barrel, here boys. Pass that shotgun!
Cheers, Skip
Ann: Benga Project Development Approval , page-3
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