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Ann: Initial JORC Statement of Coal Resources and Reserves, page-7

  1. thecore
    4,094 Posts.
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    20/12/16
    16:07
    Post #: 21465668
    coal reserve of 52.7 million tone * $170 per tone = almost 8.9 billion over 20 years for 70%

    thats almost 350 million per year, before expenses.

    also i didnt consider further price rise in coal OR reserve upgrade

    yep, this is 20 cents stock!
    RRP Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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