Coking coal shoots to 20 month high !, page-71

@strauss

This is from the DFS done a few years ago

Remember, this was calculated when oil was over $100/barrel compared to now $40/barrel. So you can realistically shave a big chunk of those opex costs off, likely 10-15% if not more





IMO it is a sitting duck for a lowball T/O bid once again - fully diluted market cap at 10c is only $65M

The other thing I like is that Platinum, the major holder has escrowed all stock and any option conversions for 2 years. However, all stock is held in their main fund which they are closing and have to make redemptions on next year. Therefore if they cant sell on market, they should be giving it a helping hand SP wise and shopping it around for a T/O bid to exit, as it's their only option

IMO it should already be 5-10c