"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
AJM Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
