True, but price earnings is per annum, they won't take all of their assets out of the ground in year one. Even if the margin for extraction is that good, and I am sure with brown coal it won't be, it will be a long time before it all comes out. I reason that total potential is fortescue like, but realizing it could take a long time. That said, I estimate a 20 bagger as soon as money is being made.
All IMHO and DYOR
MNM Price at posting:
20.3¢ Sentiment: None Disclosure: Held