Vainglorious your PE of 6 theory for coal companies would mean
- Whitehaven Coal should be 90c - now $4.17
- Newhope should be $1.50 - now $4.05
I don't think yancoal will be $1.90.
I expect yancoal $3 + CVR $2.30 = $5.30 a 38% premium to last traded price of $3.82.
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