See vendor agreement from mid last year; cash, options and shares are vended if NRL find between 200Mt to 500Mt of export quality coal and/or transaction occurs greater than A$150M.
Lot of room to move under the current market cap if you expect vendors to be in the money....
upcoming coal play - like it, page-39
Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##