UNV 0.00% 16.0¢ universal coal plc

relative to peers

  1. 44 Posts.
    Unv market cap is $95m - $17m in cash = $78 m

    Resources - Coking coal
    Berenice - 220mt , targeting +750mt by h1
    Somerville - I will attribute zero mt until the vele fiasco is resolved.
    Coking total 220-750mt

    Resources thermal - 330mt
    Total resources 550mt-1080mt thermal & coking.

    Value catalyst
    17m cash to drill all 46 Berenice holes, 19 already done to report upgraded resource by h1 2011.
    17m to take kangala through to production
    Given I have attributed zero to Somerville, we can only exceed my expectations if the regulatory issues resolves.

    Looking at Akm mc of $520m, i'd challenge anyone to find a stock with a 550mt + resources, with a coking coal tilt at a mc of $78m.

    Cheers



 
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Currently unlisted public company.

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