Coking coal shoots to 20 month high !, page-9

To be absolutely frank I struggle to place a value on it at all. My largest struggle is with the lack of disclosure. Its very very hard to come to an informed opinion on the merits of the project itself. The area is complex geologically with large changes in quality over very short distances.

Just a thought on a comparative transaction.
75% of the indomet with 1.37Bt of Resources and a 1Mtpa producing mine changed hands at approx $120M. While I am not a fan of $/t comparisons particularly on Resources it implies a max value assuming all that has been disclosed a as true and correct of USD25M. All of the sins of $/t valuation are in this comparison but it is something. That not a long way north of where it is now.