Been watching a few coalies the last few days, and I think we could be seeing a bit of value buying from a few stocks. MTE another cheap one is finally seeing a re-rating. A few goldies also.
Anyway my point is, the market is seeing a bit of suprise strenght or buying, obviously a pivotal week in the US coming up in the next few sessions, but I wouldn't be suprised to see a few people caught out here.
EOC with an EV of just over $40m is looking good especially if JORC Resource of >100Mt by 2011 year end. I think the re-rating here is a matter of when rather than if. Especially considering recent highs.
Go and do your own research or look at John435's work.
Cheers
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