Here is an update of current market caps of ASX listed coal developers/explorers with coal assets/options to acquire coal assets in Mongolia:
I show this comparison to highlight that CEO is "cheap" should coal, either coking or SS or thermal be confirmed in the current dd process, which includes a significant amount of drilling.
$450M Aspire (AKM)
$333M Hunnu (HUN)
$235M Guildford (GUF)
$93M Xanadu (XAM)
*$25M CEO @ (CEO)
