WOW! Am I missing something here or is this stock trading miles below value?? Based on the announcement today, my back of the envelope numbers are...Current market capitalisation is about $60M Australian DollarsBase case development NPV = $586 US Dollars which is about $818M Australian Dollarswhich translates to about 13.6c per share.Extended case development NPV = $758 US Dollars which is about $1.053B Australian Dollarswhich translates to about 17.5c per shareAnd all that is based on just 20% of their coal reserves (4Mt x 12 years = 48mt of about 240mt total)!If I’m right, this thing could be a Disallowed coming up!!!
(20min delay)