Ann: Major Coking Coal Project Acquisition , page-3

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?????????????????????????????????????????????????????????