Resources - Coking coal Berenice - 220mt , targeting +750mt by h1 Somerville - I will attribute zero mt until the vele fiasco is resolved. Coking total 220-750mt
Resources thermal - 330mt Total resources 550mt-1080mt thermal & coking.
Value catalyst 17m cash to drill all 46 Berenice holes, 19 already done to report upgraded resource by h1 2011. 17m to take kangala through to production Given I have attributed zero to Somerville, we can only exceed my expectations if the regulatory issues resolves.
Looking at Akm mc of $520m, i'd challenge anyone to find a stock with a 550mt + resources, with a coking coal tilt at a mc of $78m.
Cheers
UNV Price at posting:
47.0¢ Sentiment: ST Buy Disclosure: Held