I bought in for the same reasons. For $5.6m EV you get:
- 303mt JORC coal resource (check out the coal spot price movement since August).
- Shot at further acquisitions - still being looked at as per commentary.
- Gold results pending - went back with additional AC drilling after the RC round, so something must have caught interest. Underexplored projects in very good locations.
- Developing JV with a major world leader in the hydro renewable energy sector.
As a worst case at the current price you have the current ASX shell valuation. I like these plays with limited downside and plenty of blue sky if only one of the above four plays pay off.
I bought in for the same reasons. For $5.6m EV you get:303mt...
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2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.254M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 315000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 270000 | 1 |
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