anthracite., page-5

chooky wrote, "I dont know the production or JORC comparisons between the 2 but I,m sure someone could run these numbers "

Getting info on riversdale is not as easy as you would hope.
There was more on Felix. It was taken over in 2009 with a cash offer of $3.5b!!
It was a producer and last reported full year (2009) after tax profit was $268m.
It had a total JORC of 1.8b tonnes. This was a MUCH bigger animal than ZYL.

Felix had coking and thermal coal not anthracite and was in Australia not AFRICA. It was a big producer and paying a div! As such, comparisons may not be valid. But here are some simple figures.

1.8bt in the ground and T/O of $3.5b makes it approx $2/t.
ZYL currently has total JORC of 190mt....rubbery value...$360m
If with more drilling and increased JORC to 300mt then ...rubbery value...$600m

Current mkt cap is $107m with 500mil shares on issue.

So IF JORC is 300mt then extrapolate sp to $1.20.

Very rough figures so I welcome a more detailed or accurate analysis.
cheers
Mower