Found a recent broker report comparing side-by-side valuations of coal companies using different methods:
- Price to Earnings / Share
- Price to Cashflow / Share
- Enterprise Value / Resource
- Enterprise Value / Reserve
Plenty of upside here once RIV can further develop their Mozambique assets ...
See Page 12 of 24
http://www.aquilaresources.com.au/files/Aquila%20Resources%20-%20The%20incredible%20bulk.pdf
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