i wouldnt worry on this interim updated broker report
its a pre production valuation and will shift much higher once production tonnage / offtakes and forward pci prices are accounted for
once the cash flows and once banked , we will ramp up valuations and you will see it re-rated hard
this interim report is akin to brokers reports on whitehaven coal at 90c when it had production issues and coal pricing was unfavourable... look at it now whitehaven is $3.30 today 400% up in 12 months
i see similar re-rates on cokal once we swing into production cashflows talk and re-rates are based on prodn /offtakes and and pricing estimates
we know as do the larger shareholders that the company is intrinsically worth a coal extraction value of upwards of a $1 and that sales and cashflows will lead to more reserve findings and and an expansion of mine life expansion of mine life through bmm and tbar means reocurring cashflows and repricing and dividends
onwards and upwards
we are mining soon
CKA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
