When I mentioned institutional there is some big guns...

When I mentioned institutional there is some big guns here.
Nathan Tinkler and his group attempted a T/O acquisition at $3.25 a share a couple of years back, and were unsuccessful, Whitehaven springs to mind as a very possible candidate, as is any of our top 3 , they would all be waiting for 100% certainty and for the extension of mine life to 2033 , for me WHC or Tinkler would be the main 2 outside of the Number 1 shareholder.

Trading shares for these people has no real benefit , As I mentioned in my previous post...Dividends and outright ownership is much better.

Yancol would be 3rd cab off the rank , but certainly a possibility.
If guessing a price with all things going to plan it would be on the basis of Tinkers offer. But that's just me and discussions with informed coal miners and personnel that have followed the mine and it's history.

3.5 BL tonnes of Coal available over the lease. JORCed plus extentions.