coal valuation

Below just a snippet of an article. Follow the link for the full story.

http://www.afr.com/p/business/companies/day_make_mine_thanks_hccJEfo4ISh7tulfFduHjP

G’day, make mine $800m thanks
"Paul Williams likes to say he doesn’t want to be seen as the next Nathan Tinkler. He prefers to be known simply as the bloke from Walgett, a town in north-western NSW at the junction of the Barwon and Namoi rivers.

Yet Williams also believes he is sitting on a 6.3 billion tonne coking coal deposit through his private company, Coal of Queensland. The 56-year-old reckons the deposit in the Bowen Basin is worth $800 million at a minimum.
Others disagree."


Anyone would like to value our coal and discount it if it is not of the same quality.

At 300 billion tonnes and discounting it by 90% still gives us $3.8Billion

600 Billion = $7.6 Billion