Ichor and UNV - Read this, page-5

hmm 5 x EBITDA would still value us at about 60 million market cap - where it is currently... on a simplistic approach... assuming a straight out annualised 12m EBITDA an annum. Not sure what the usual average valuation would put on a similar coal company.... at least we know if EBITDA dropts to 6 million an annum it would still give us around the current market cap...

Interestingly the institutional purchasing bars came back a few trading sessions ago - we'll probably get a notice if its a director shortly...