just to refine slightly I will assume all cash is used for the...

just to refine slightly I will assume all cash is used for the acquisition with the exception of the potential option money. This gives:


Continental Coal (ASX:CCC) Asset based valuation millions

shares on issue 1376
options on issue 520
capital raising, SPP and conv note 812.5
Fully diluted 2708.5

Total Measured and Indicate resources (million tonnes) 169
Potential New MI resources 500
Total MI resources 669

Comparative valuation metric from comaprable peer = $1.07/t 1.07

Suggested peer comparison value of resources 715.83
Cash, debt and sale of vanmag = 20mil - 13mil + 10mil 0
Potential cash from exercise of options = 520 mill * 0.05 26
CR Money 0

Total value 741.83

Share (cents) 0.273889607