Coking coal hits $200/t- Can we see 20cents +

RRP extremely undervalued with Coking coal hitting over $200 a tonne also with the purchase of the mine for $43m that was bought in 2007 for $620m

https://www.ft.com/content/fe9c81ed-8c4d-3e1b-9e9e-0a142705d37a

Current Market Cap @ 4c $92m

Mine was purchased for $620m in 2007, with Coking coal on the rise and demand growing we could see a market cap of $500m + or share price of 20c plus

Spot prices of premium hard coking coal above $200/t




History on mine.
Anglo American bought its majority stake in Foxleigh for $620 million in 2007 under former chief executive Cynthia Carroll in a bid to grow its share of the coal market. The mine produces around 2.5 million tonnes of the steel-making commodity a year.

Coking coal dosent look like slowing down.