RIV can mine 20m tonnes pa of coking coal...Lets assume they...

RIV can mine 20m tonnes pa of coking coal...

Lets assume they make only $100 per tonne x 20m tonnes =$2b profit pa. [currently conservative given price is $300 pt].
Put this on a PE X10 and you have a $20b market cap.
This means the price is a 10 bagger or closer to $100 per share. I see the share split the same as FMG and similar returns in appreciation in the same period of time.
Think i am wrong????. Perhaps Talbot spending $103m should make us doubt this outcome a lot less. He seems to like making 10-20 times his money.dyor.