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23/08/12
08:07
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Just for one moment let's assume that there are two wins. First a legal one and second a coal asset sale.
Let's say the legal one is $30 million, and just for calculations sake, let's assume thew coal deposit raises the same.
By my calculator, to be fair its been wrong in the past, but looks right this time, that would be worth around 6 cps.
From 0.009 to that is a nearly 7 times multiple. Even if only one event occurs, the multiple remains way better than any bank rate.
Clearly there are a few hurdles for either, but there appear to be some decent investment returns available.
The icing would be the progression of an actual project, which we are told, ain't that far away.
I make that THREE reasons for a good return from this point onwards. Anyone agree?
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