UNV universal coal plc

Takeover bid, page-17

  1. 35,567 Posts.
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    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
 
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Currently unlisted public company.

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