http://www.theaustralian.com.au/business/opinion/indonesian-coal-ambition-fires-up-altura-mining/story-fnciil7d-1226311804573
Good summary...
"That's all very interesting given, at yesterday's closing price, Altura was being valued by the market at $97m, or $75m if you knock out the $22m in cash it has on hand. It gets more interesting when the potential for Mount Webber to get worked up to 40 million tonnes with more infill/extension drilling is factored in. The implied value of Altura's 30 per cent share, again based on the Daltons deal, would then be some $70m, or nearly all of its Altura's current enterprise value.
All that means that the Indonesian coal -- as well as Altura's Pilgangoora lithium project located in the Pilbara -- doesn't amount to much in the group's current share price." - The Australian 28 March 2012
Regards,
DYOR
GLTA
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- article in the australian this morning
article in the australian this morning
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Open | High | Low | Value | Volume |
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3 | 343024 | 0.032 |
4 | 61159 | 0.031 |
2 | 183500 | 0.030 |
2 | 331281 | 0.029 |
Price($) | Vol. | No. |
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0.035 | 38866 | 4 |
0.038 | 30626 | 1 |
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