It just means that BND is trading at 56 cents per tonne of coal (JORC) based on it having identified 1.534bt of coal on its tenements (in it's own right).
Market cap/tonne of coal
$854,350,964/1.534bt = 56 cents
:) Nic
MTE Price at posting:
95.0¢ Sentiment: LT Buy Disclosure: Held
