UNV universal coal plc
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Takeover bid, page-17

  1. plough
    35,567 Posts.
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    17/09/18
    14:09
    Post #: 35647628
    probably he/she is looking at the Berinice/Cygnus coking coal reserve of over 600 million tonnes , which is twice as large as all of UNV's other reserves combined so a $835 UNV market cap (1.60 a share) values Berinice at only $1.39 a tonne
    Would take a big player to develop it given it is not a bolt on and needs a lot of infrastructure
    UNV Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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