NMR have 3 mill in the bank so does a market cap of 8mill show...

NMR have 3 mill in the bank so does a market cap of 8mill show the market believes coal in the ground and any other assets nmr have are worth 5mill?
How many tons of coal does nmr have again? 2.3 billion washed? Whats that work out at? .0022c a ton to make 5mill? DJ noted that peer group average enterprise value per resource tonne is 3c per share but NMR is running at a discount of .6c a share-and this was before the Greece dramas. So it is even more undervalued now. DJ also put a .17c value on the SP.
228 mill shares on offer current price .016 is 3.6mill.
88.15 a tonne US for thermal coal at the moment.
NMR seems to have found some support around the .015-.017 mark. Anyone want to guess what the price of NMR would be if there is an ANN discussing a rail line running to the mine?
Good luck all