entry point, page-6

Short term low 15.5c Possible low of 12c-13c, but for that to happen either major market correction or no news for a while (and that doesn't seem likely) or bad news when it comes (also unlikely). On the up side, short term, high 20c (26c-28c) on the back of licence option taken up, or sucessful cap raising, or BTE-3 confirming more coal, or coking coal confirmed. Risk is though that if all these things come to pass in a positive sense then I would actually be looking for an approximate 40c/share valuation, based on peer market caps.