On potential FY24 operational cashflow $70m and a 5x multiple which is generous for coal you can probably expect to see bcb trading around $0.13. FY25 could be closer to $200m OCF with a forward looking market you'd expect it to trade with a MC somewhere in the vicinity $700m - $900m or $0.26 - $0.33.
Ann: Trading Halt, page-85
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