If you read the latest announcement about the drilling that is starting, they are targetting at least 20m tonnes of coking coal. At a minimum of $5 per tonne in the ground thats over $100m. With only 70m shares on issue that is roughly $1.50 per share.
Remember the person who stated 20m plus tonnes is Jacob Rebek, who used to work for Rio Tinto and CRA for over 40 years. My feeling is they will find more than 20m so its only a matter of time before this stock gets a rerating.
- Forums
- ASX - By Stock
- 20m tonnes of coking coal value tcm over $1
If you read the latest announcement about the drilling that is...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla