There are many variables but it all gets back to economics of the deposit - quality, capex, opex, marketability etc etc
Over the past 2 years underdeveloped resources have traded median A$1.35/t resource and +A$6/t reserve.
If met coal it has mostly traded at a premium of +A$2, while thermal has traded between A$0.10 - $2 /t
Here is a comprehensive broker report on my No.1 pick in the sector which has some good peer analysis on pages 2 -3:
http://www.endocoal.com.au/uploads/res/b7394bc5-a108-4ebe-bfd0-7479e2fee069_Endocoal%20_%20IBGF%20111213.pdf
In your assessment I suggest you note Met coal prices and margins versus energy coal as they are significantly higher / t mined.
valuation, page-3
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.33 |
Change
0.005(0.38%) |
Mkt cap ! $1.695B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.33 | $1.28 | $11.00M | 8.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9573 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 104047 | 1 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |