This one is not without its risks, specifically funding and that issue with ATO over past R&D claims for UCG but it does have a few decent deposits on the East Coast of Aust being a mix of thermal and semi soft coking coal surrounded by majors and good infrastructure
Development funding is the big hurdle for this spec as it is with all of them but if they could somehow secure some sort of JV funding we could see this one turnaround from its lows
In for a punt based on Coal hype
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