Last friday coking coal hit over $200/t and still is climbing and we have been in suspension.
Expect a rally up to 10c plus as this is very undervalued.
The mine was purchased in 2007 for $620m take 70% of that $434m and add the coking coal reserves in Indonesia of $100m
We are looking at $534m Market cap or 24c
This has still alot of bags left in it.
Coking coal hits $200/t- Can we see 20cents +, page-31
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