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jeans_sammy

13,333 Posts.

93

02/11/16

10:46

Post #: 20303564
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Originally posted by vontrader ↑

CKA

Had they have included an NPV of $400-500M in bold, then IMO it would already be 10c+ on lemming buying

Anyone with basic accounting knowledge can deduct their old NPV of $366M was based on a long term coal price of US$140 and valued them at 83c

Coal has doubled above that, costs have dropped dramatically and so it is back of the napkin stuff to work out the NPV is somewhere in the US$400-500M region, or $1+ SP equivalent

The report is a massive positive for fundamentals, they've written off the $15M of debt and are fully licensed with margins of potentially $100/t+

Once punters do proper DD and possibly the big boys run the ruler over, it should fly

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Till then we BUY !!!!
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