re: Ann: 230% Increase in Bundi Project Area ... PJ,
Sorry but have to say it again.
Buying shares in Metrocoal is the best call option of every ASX listed coal explorer.
The company is capped at only $117 million! Has $23 million in the bank. It has over 3 billion tonnes of JORC classified coal in it's own right. Therefore $117m less $23m = $94m
$94m/3.121bt = 3 cents
So the market is saying Metrocoal's coal is worth 3 cents per tonne?
It seems that nobody is game enough to take on the market maker. Who would want to take them on anyway? Wonder who it could be?
Ann: 230% Increase in Bundi Project Area Resource, page-8
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