short term upside

Currently the SP seems to be blocked by DERM investigations. Once this issue is clear some upside should be possible. How much ? Given the valuation parameters by Wilson HTM for coal seam gas the EV-value is determined 0,30 - 0,60 AUD per Gigajoule for 3P reserves. Some weeks ago CNX reported 1024 Petajoule, i.e. 1042.000.000 Gigajoule based on coal resources of 668 MT. IMO this is a proper base for a short term valuation because thedeposits from Liberty resources and Mulpun/Chile are far away from realization. Furthermore Mulpun/CHile looks like a PR project with minor coal resources. Wether Antofagsta nor CNX reported information about the size of resource and informations available on the internet are not very promising: "El yacimiento Mulp?n cuenta con una cantidad de recursos cercana a los 120 millones de toneladas de carb?n, a una profundidad mayor a los 250 metros bajo tierra, siendo una de las reservas carbon?feras m?s grandes del pa?s." This sounds like max. 120 MT resources at Mulpun. CNX is in a position to catch up 30 % i.e. a 40 MT deposit share, peanuts. For a short term upside valuation this is not suitable.
Returning to the status quo of 1024.000.000 Gigajoule at Bloodwood Creek and a marketcap. of 265 Mio AUD:

Conservative valutaion:
1042.000.000 GJ x 0,30 AUD = ca. 312 Mio AUD
Best case valutaion:
1042.000.000 GJ x 0,60 AUD = ca. 625 Mio AUD

IMO CNX offers a short term upside of approx. 50 % once DERM stops suppressing fire. If I got it right DERM has to report until the middle of netx week (20 woking days after the 19/10).
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Sources:
Coal Seam Gas The Market?s Valuation Methods
http://queensland.spe.org/images/Queensland/articles/39/CSG-Valuation080731.pdf
Quarter Lies CNX:
http://www.carbonenergy.com.au/images/sept%2010%20qtrly%20report%20pack.pdf
Miner?a al estilo
http://www.australosorno.cl/prontus4_nots/site/artic/20101017/pags/20101017000012.html