Got to worth a few dollars more than cap if it could be approved to be mined ...
as we know Lochnivar has 49Mt indicated resource(plus 100Mt+ exploration upside) ... present SGX coking coal price works out @ A$447t ... if there was a trade sale of the project for say 50c per ton indicated coal = A$24.5mill. or maybe even better $1 per ton = A$49mill ... but might well be pie in the sky hopes as any keen buyer would save millions just take out NAE for 15-20mill etc ... maybe we could see a few mill cash payment for 51% control of the project with more payment if the project can be progressed with royalty payment per ton in sales etc...
I really hope something positive happens here as I've missed out on many other great returns while my NAE holding has dumped 30%!!!
Ann: Quarterly Activities and Cashflow Report, page-13
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $9.02K | 2.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 18005151 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10245000 | 6 |
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| Last trade - 12.34pm 02/10/2024 (20 minute delay) ? |
| NAE (ASX) Chart |