Coal prices up almost 115% in last 2 months... from 48c to $1.04...
Pak owns a Tier 1 coal project which has 250 Mt high grade resource JORC 2012... this resource has the possibility to be 1 Bt... could be worth 100s of millions as stated by Pak in one the presentations...
Market currently values coal assets equals to none IMO... and I think that Pak is seriously undervalued based in Imagine IM acquisition... the value proposition for Pak is amazing if we consider coal asset as well which is now looking a serious play as Coal prices are going seriously nuts without being noticed by the market...
Tier 1 assets normally gets the value first and Pak happens to be amongst the very good coal assets in the world IMO...
Cheers
Coal prices going nuts
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