Thanks Jono,
your not wrong about brokers mate, although Merriman Curhan Ford Equity Research seem to be very bullish on linc's assets.
Sido,
I made a comparison with EER and minerolgy's aquisition of waratah coal, to compare Linc and the price paid for waratah coal (which minerology bought during the GFC), minerology paid $0.04c per jorc infered tonne. This price values Galilee at $312m, but keeping in mind that Linc's tenement has a cumulative coal seam thickness of over 35m whereas waratah's coal seams are in between 6-8m, there should be a massive premium for this alone.
Let?s give it $312m for galilee(which is worth a lot more), $100m for pentland and $529m for emarald giving a total of $941m. evan at these conservative prices Linc is way undervalued.
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