A 60 million MC company with 52 million in cash and an exploration lease. Surely it cant get much lower.
Anyone doing any peer comparisions?
And how close could this be? -
"The Company has completed a preliminary technical and legal due diligence review on an entity that holds an exploration licence over a thermal coal project in the western Chinese province of Xinjiang. Technical data collated during the review is currently being compiled and assessed by the Company?s independent technical experts in Australia. The preliminary review has indicated that the asset has the potential to meet the Company?s investment criteria and the Company has commenced commercial discussions with the vendor." -29th April 2011
LRL Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
