0.005 in many years, at full production, at recovered coal...

0.005 in many years, at full production, at recovered coal prices and assuming everything goes well between now and then.

If you risked that 0.005 you'd be lucky to get 0.002.

So no, on a risked valuation I don't see any real value at 0.002.

Far better to invest in a stock with that offers multi-bagger potential for the same level of risk. COK is not that stock.

Noble will end up with control of the deposit IMO. They will be the only ones to make money from it.