Target $18.72, page-4271

In my opinion Stanmore has the most upside. Holder here of WHC and SMR so yes I am biased. SMR got all the bhp-mitsui central qld coal assets (BMC) last year on the cheap ($1.60 Bn or slightly less than 1 x earnings) because the lunatics at bhp wanted to greenwash themselves some more. There is also more of these assets being sold off in this area as everybody else now in the vicinity wants to greenwash themselves, which makes you wonder just how screwed up are the KPI's in some of the big mining houses ? On the downside being in Qld, higher level royalties apply which is the worry with WHC that NSW government will copy cat the Qld approach. SMR also has very tight register as majority of shares owned by Indonesian/Singaporean Investment company. I expect SMR could do a mini version of what WHC did last year in terms of share price run up. Anyway DYOR and good luck.