Mrs Peel,,fwiw, perhaps not so much biased, as to the point and economical perhaps. But conservatively economic in all fairness.
MM with some corporate skin pressing ( probably already done and semi dusted ) and not a real lot of extra time down the track compared with the expected time lines, I reckon 50c is fair value bare minimum as a bankable asset in this mid ranking coal hungry climate.
It's only a matter of time.
Meanwhile medium term accumulation on soft opens seems to be where the smart money is flexing a little muscle .
MNM Price at posting:
13.4¢ Sentiment: LT Buy Disclosure: Held