WHC 2.18% $7.63 whitehaven coal limited

Ok...so market cap is A$5.7B at falling coal price of $120...

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    Ok...so market cap is A$5.7B at falling coal price of $120 (after huge rally). In 2018 there was the same market cap at $120 but it was very short-term peak price. Currently we have planty of cash in the bank that will be used for making this company twice this big. How is the company valuated the same?!
 
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