ATU
Click for more information
0.00% 0.5¢ atrum coal limited

JOGMEC's agreement in August for Panorama North (7,500 ha)...

  1. soggywinks
    591 Posts.
    lightbulb Created with Sketch. 8
    clock Created with Sketch.
    21/03/17
    15:27
    Post #: 23515203
    JOGMEC's agreement in August for Panorama North (7,500 ha) valued the entire Panorama project (25,000 ha) at approximately $50m.

    Atrum has something like 80,000 ha in total, and I would argue that the Groundhog area should be worth more than the ~$2k/ha attributed to Panorama North alone.

    80,000 hectares x $2,000 per hectare = $160m.

    Extremely rough calculation, but given a current market cap of $80m, the stock is undervalued.
    ATU Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

FHE Frontier Energy lines up $215 million debt financing from Mike Cannon-Brookes-backed Infradebt
right-arrow Created with Sketch.
PEC Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil
right-arrow Created with Sketch.
MND Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
right-arrow Created with Sketch.
NEWS Real estate dynamics & changes raise investor doubt
right-arrow Created with Sketch.
NEWS Nine staff strike as Paris Olympic coverage begins
right-arrow Created with Sketch.
1CG One Click Group surpasses $3M in revenue YTD with 40% growth
right-arrow Created with Sketch.
watchlist Created with Sketch. Add ATU (ASX) to my watchlist
(20min delay)
Last
0.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $13.22M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
ATU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.