uncleart,mining magnate Nathan tinkler sold the middlemount thermal coal deposit,with a jorc resourse of 100M tonnes to macaurther coal in 2008 for $400 million.since then,the coal price has risen and our Mt mull deposit is expected to contain up to 500 million tonnes.Even if we were to use the 400 million dollar figure(even though mt null is a larger dposit,therefore more valuable)that would equate to around 80c per share.Add to that the potential of the BM project plus gold assetts and we have one seriously undervalued stock here.Not for much longer though i suspect!
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