Care to mention a few other Queensland Coal stocks with much bigger resources that are valued similarly?
This is most likely PCI-quality ore here, not high Ash, low energy coal that is available in abundance in Africa.
I however do agree with your view that the resource will definitely get better through expenditure (i.e. more indicated and measured JORC coal).
I agree with Tilleydog that management haven't made any outlandish remarks so far.
Valin did mention that EOC was a cheap stock and had a LT buy sentiment, so it was just an observation on his behalf, as opposed to a delibrate downramp. keen to hear about these other QLD coal stocks however!
Cheers, Sharejon.
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