For some reason, CEO / DRG seems to be rated in with junior exploration peers in Mono.
Has been talk of MOU (TVN), and maybe even ROB.
Quick calcs - dyor :)
MOU ~ 1 licence ; m/cap $33 (4.8c) - 39Mil (5..c) ; Cash till end Jan 12 - see latest 1/4ly ; Area = 3,450 h/2 ; Coal = Thermal (?).
ROB ~ 1 licence (in process of aquiring) ; m/cap $14mil (3c) ; Cash $990k (end Oct) ; Area (of prospect) = 2,193 h/2 ; Coal = (?) report says no resource yet, just right kind of strata?
CEO / DRG ~ 8 licences ..... rest we know!
Bring 19th Dec on, I say.
Assume we could be in for some good re-valuation, real soon.
Please note I don't intend to disrespect the co's noted, just pointing out the valuation potential for our Co!
Of course, then we get into the bigger m/cap peers, and I would think our valuation will be in this league into 2012.
Happy days.
Cheers :)
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