Erewhon1000,The $1.50 value comes from comparable sales and...

Erewhon1000,
The $1.50 value comes from comparable sales and comparable values of other cos with similar assets, I don't think the MD has mentioned values of the asset...

You just have to see how much Linc sold there galilee deposit, EER's coal quality is about 75% of that in terms of quality - which gives a value of about $250m value or $1.50...

Also GUF in TH at the moment with potential of a large resource in the Galilee and Eromanga basin similar to EER, is valued at over $500m...

Eventually value will be realised...