exciting times ahead, page-44

not only is NAE significantly undervalued relative to its peers in this very poor market, those peers (attila, jameson etc) are highly rated by brokers who expect them to move up signficantly. This will only widen the valuation gap between them should they lift (although NAE has made up some ground recently). Hopefully the whole sector rerates as coking prices stabilise and then lift. Then you may well see your 70c. I would expect it to push through 10c in the short term (would still only be a $26m market cap with cash in the bank).