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0.5¢ atrum coal limited

Ann: Atrum Coal Completes Phase One Drilling at Elan South, page-8

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28/07/18

12:51

Post #: 34606278
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Originally posted by long lunch ↑

Well said Wirrapundi
To add to that, the valuation was before any drilling. We will see what they value it at when they finish this years drilling and put 35% on the market to their Japanese big brothers
As far as Elan south goes, Considering Riversdale paid approx. $50Mill for the ground ( pre drilling ) and investors are now valuing the company at $500Mill ( conservatively ) for a JORC resource of 177mill tonne, what price do you put on a neighbouring deposit with a 200 mill tonne JORC resource of equivalent HCC ???.... I suspect a bit higher than the current MC of ATU
Atrum has been in the doghouse since the ex directors put their shares up as security. That ended any credibility the company had unfortunately and the market has spoken with the SP
With the assets they hold, Atrum is undervalued

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Maybe we should be in Copper...

http://magazine.cim.org/en/news/2018/newmont-buys-out-novagold-share-of-galore-creek/

ATU Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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