Apologies to HUN holders, but had to state this.
I am a fan of coking coal, but this transaction has messed up valuations for Mongolian coking coal.
If we say that what looks like a quality target of 250mt was sold for $40m that creates an inground valuation of a mere 16c per ton.
The brokers report on the AKM website set a valuation of $2 per ton for them.
If we are to apply this 16c valuation to HUN and AKM what are the shares worth?????????????????????????????????????????????????????????
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