KookE,
I note that the researcher you mention used a price for Anthracite of $90 per tonne in his model[which incidently is the price for thermal at the time] and I also notice zyl used $136 in their bfs for their metalurgical coal.
Months ago I used $120 so I was way short.
But I came up with a price per share of 50cents on that small part of Kangwane central we are concentrating on at the moment.Does it not follow therefore that my 50 cents and your 63 cents will also be way short of the true value per share in todays market with todays JORC.? Comments anyone?
Cheers Chooky
quality over quantity, page-19
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