When we look at the TIG-ASX chart we can see some critical prices over time
Top..............late Aug 2011 ....45c
Low.............July 2016...........2.4c
Recovery.....Late 2016..........7-8c
Current...................................5c
http://www.asx.com.au/prices/charti...umeIndicator=&volumeMovingAverage=&timeframe=
IMO, we should see the SP lift to 8c post the Sept Quarterly due 24th Oct* & after that........who knows?
With about 80% of stock tightly held with 4 cornerstone investors holding over 70%, we could see fireworks as we advance towards 1 mil+ t/pa premium washed coking coal.
With 632 million ton of coal in the ground readily accessible, there is no issue regarding the life of the mine. Its good for 100 years @ 6 mil/t/p/a without further exploration.
All of this IMO only and investors should consult a licensed financial advisor before making an investment decision.
*We should see a production/shipping update in the interim, IMO.
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tigers realm coal limited
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