EER 0.00% 3.6¢ east energy resources limited

update: igv $150b vs mc $63m, page-43

  1. 551 Posts.
    Spot on Alph, and at $2 that is still only around $0.27/t for the resource, and that is assuming we 'only' have 1.2BT.

    Whilst there are a few comapnies who have coal at less than 27c in the ground there have been virtually no cororate transactions done in the last 1-2 yrs at less than 25c/t and most seem to have been around 50c/t (okay, I am excluding Noble's buy in to EER!).

    And the updated resource statement due within the next 2 weeks or so could add a few more 100mt.

    And the MDL application is underway.

    So yes, lots of upside still.
 
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