If the coal is better quality black coal, as Mr Casey has said, then it can be mined for its own value.
In other words, if SXP has got good black coal, then it has the potential to become a coal miner, with at least 2 billion tons of coal in situ.
It is being sold off too cheaply.
SXP
sapex limited
sapex has black coal rather than brown coal, page-3
Add to My Watchlist
What is My Watchlist?