Ann: Resource Upgrade at Grosvenor West , page-19

Their share price should be around 60 to 80 cents. Ingroud proven coal resources are valued at about $1 per ton.
CLR have 40 million tons of proven resource so I am being generous with my valuation.

The market has been over bullish and now the time lag has spooked investors. They are expecting a larger proven resource. I see CLR heading back to a market cap of $80 million within 6 months.