As exciting as it gets, page-50

http://www.mining.com/chart-no-stopping-insane-coal-price-rally/

$245 PT

RBC forecast above $200 for next 12 months.


Lochinvar has a NPV of $350m Aussie based on a $143PT when current price is $245PT!

And the market gives us an EV of less than $4m when other inferior cokers are trading at over 8x our valuation (even without other top projects like we have) and their shareholders are screaming' undervalued!


If I were them I'd

1) Just announce the restart of Lochnivar instead of just monitoring.
2) Watch the share price double.
3) Announce the advanced gold acquistion.
4) Watch the share price double again to $25m market cap.
5) Boost the cash balance even further with a raising at that high price.
6) Drill these projects into swiss cheese with the sizeable cash boost.

Let's see if this is what they're about to do.

Recent announcements are a good sign that they have decided to deliver shareholder returns.

Lets see what the next few months brings.