So, .... ignoring the "in-ground" value of the coal and just looking at an earning based valuation comparison, if that other coal company in Poland announced a Scoping Study with an EBITDA of $332m and that companies market cap. post the release of that Scoping Study announcement that can be attributable to the coal business is $53M (they also have some cash and shares), can we assume that if BMB is anticipating an EBITDA of $120M, our market cap. that relates to the coal business will be $19M (or 5.6 cps) once a successful Scoping Study is out??
One obviously has to be careful comparing apples with oranges, as I think we have got a far easier CapEx amount to fund and we are selling a higher end product.
I would be interested to hear if anyone else has done any analysis on this.
BMB Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
