ICZ
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0.00% 5.2¢ indus coal limited

re: Ann: Exploration Drilling Commences on Bl... Anyone watching...

  1. backinblack
    550 Posts.
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    24/05/13
    09:33
    Post #: 11804004
    re: Ann: Exploration Drilling Commences on Bl... Anyone watching this? Back of the envelope calcs and i come up with 20-30 Mt potential resource in Seam A. Assume a conservative value in the ground of $10/t and I can see why some notable Aussies have made hundreds of millions mining coal! No correlation between intrinsic value and the market cap for most of our small cap stocks at the moment.
    ICZ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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