CNF continental capital limited

What are the thoughts on this one from a valuation...

  1. 713 Posts.
    What are the thoughts on this one from a valuation perspective?

    approx 700m shares on isue?

    Around $15m in the bank?

    Please correct me if i'm wrong. Just looked at this one quickly.

    And coal production targeted for Oct 09.
 
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Currently unlisted public company.

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