Ok seriously.
Assuming Surat does indeed happen.
My assumptions are as follows;
Outstanding Shares diluted to 1.4bil
12mtpa
AUD at 0.87
Thermal $USD100/t (AUD$115/t)
Less current Royalty
Cost per tonne AUD$89
50% Bundi JV
50% Columboola JV
EPS 12.9
PE ?
PE at 4 = SP $0.52
PE at 6 = SP $0.77
However IF thermal were USD$120 then SP is $1.17 (PE of 4) and $1.75 (PE of 6)
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