peer comparison

Helmsec today noted that EOC now has an EV/resource tonne of coal of $0.45 vs developer average of $1.40/t.

So what will it take for the market to re-rate EOC $40M market cap to be more aligned with its peer valuations?

Perhaps

- sorting out port access for 2mpta production during CY13
- another JORC including Talwood (coking coal)
- BFS + decision to mine OD by Christmas
- Offtake agreement signed

Unmarketable large tonnage versus a business model built around profitable mining is something that the local market seems to take a little longer to catch on to.