These calculations and valuations have become quite boring and repetitive. Fact is that only 469mt have been JORC'd in a remote area, low quality coal and very thin multiple seams covering a large area. Its at least two years away from being dug up if at all at this stage...try putting some of this into a valuation!! Market does appear to have a smaller valuation than the ones bandied about here. Still a long term buy for me and I still hold but lets not get carried away.
EER Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held