Just doing some different figures while we wallow down here drowning in self pity. These are not what any sensible person would use to value a share. So currently Market Cap: AUD86 million. I never thought we would see that again. Pick a sale price for coal: say US$240. Put Reserves BBM at 23 Million tonnes. Put zero value on overburden removed, BBM facilities, Krajan road and port facilities, zero on road value(others value it}, zero value on haul trucks, zero on small barges and tugs, zero value on TBAR and BBP, zero value on Batu Tuhup port, So that says that CKA's share of BBM reserves is valued at about AUD$6/reserve tonne. CKA's share of BBM Jorc Resources AUD$ 0.6/resource tonne. I don't know about you but that seems low to me?
CKA Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
to value a share.
