Morgan Stanley re-rated Whitehaven coal a buy up to $5.45 target its currently $4.17 brokers are expecting a continuation of strong commodity prices well into 2023
this is all well for Cokal once we start production and producing, the numbers analysed revert to production and sales numbers quickly
a re-rate will follow if we are valued at 23c pre production pick any number as to what we are worth on production as "producer status"
mix in, continual strong hard coking coal prices well into 2023 along with some corporate interest and we could see that illusive 50c-75c range achieved quite quickly
if whitehaven coal can go from 90c to $4.17 in 12 months imagine what Cokal can achieve once in production
it all sits on the shoulders of management now
common you good thing
CKA Price at posting:
17.8¢ Sentiment: Buy Disclosure: Held
