Just spent some time diging the old HC posts and found a goodone...

Just spent some time diging the old HC posts and found a goodone from banksy88!

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Posted by Danash 29/9/2010:

"Several research reports have shown the average takeover price over the past three years has been approx $2.10 per tonne for export thermal."
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Looking at coalspur's timeline, they have all of 2011 to drill Vista South and second half of 2011 will be looking at off take discussions and have a Definitive Feasibility Study.

Factoring these in and placing a conservative 1.5 billion tonnes of coal.

1.5 bill * $2.10 = $3.15 billion

approx 630 million shares = $5 share price.


I very well could be way off here and welcome more educated posters....


http://hotcopper.com.au/post_single.asp?fid=1&tid=1335913&msgid=7520138

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$5 takeover price is a joke now ………if TO come from left what will be the price ….. $1, $1.20, $1.35, $1.50 …………???


Cheers


SAT