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01/04/08
17:27
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not sure rexy; but it is an interesting one.
With a net profit of $7m expected this year it is Operating on a foward PE of just under 14x at the current market cap of $51m.
Add to that the fact weve got cash at bank of close to $18mill.
and excellent coal tenements such as Hillalong that are still being explored.
Add to that coal prices expected to increase more than 100%.
No problems here; only thing that is killing this one is general market sentiment.
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