Scoping study can show a few things but to look at it in...

Scoping study can show a few things but to look at it in ballpark figures.
A short long wall can have up to 2m tonnes production per annum. So let's assume 1.5m tonnes saleable product.
Then being a very low cost resource and close to infrastructure and European clients- we can look at profit per tonne depending on price of $40-$80 per tonne- much higher if coking coal bounces- but let's not get ahead of ourselves.
Most major coal projects have huge capex- as much or more for infrastructure than the long wall and wash plants.
So 1.5m tonnes at $60 tonne looks like
90m gross per year.
With huge mine life- NPV closer to 400m++

So sell down half and with debt and a few more shares issued . I see nae being capped around $200m with @400m shares on issue.
50c by the end of next year, early 2015??
I have heavily discounted the figures assuming a big sell down- a lot of equity raised and very little debt secured.

60-70-80c if management can some good deals over the line...

Can also ramp up production and of course $200+ coking coal not out of the question.

WHY CAPPED AT 10M?? I have no idea