Agree, I think some are providing too high a discount for sovereign risk. Also does not help that there were a couple of high profile exploration failures lately in 88E and RMP.
However CBM is a different animal, one of the largest coal mines in the world on our tenements gives us an in depth look into the geology coupled with a close proximity to one of the largest gas markets in the world.
Now that the stuffing around with the Alaskan tenements is finished and the management restructure is over, its time for management to get on with executing the plan.
picking up 20 c coins for 3 c, page-6
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