current market valuation $69 million

Some basic fundamental analysis

Current cash in the bank - $19.5m
Current cash in Columboola JV bank - $19m
Current value of Bundi - $15.25m
Current value of Columboola - $15.25m (Sinocoal paid $30m cash in 2010 for 51%)
Current value of 20% 3TL - $NIL
Current value of 3TL Port allocation and SBR solution - $NIL
Current value of every other tenement - $NIL
Has over 4,000km2 in tenements

Total maket cap value - $69 million

EV/t on a company basis = $30.5 million/3.8 billion tonnes.

0.008 cents (less than 1 cent)

Any comments?