i think your meant to work out the estimate tonneage for a seam of that size and area then x coal price. area is different to how much it weighs
anyway we still need to know coal quality etc it may not all be high quality coking coal thermal may be in that mix as well and . im positive we will be under valued if the coal seams joint with a average 50m seams. and capital rasing wont be a issue.
under 15% placment could easily be above market price. if the coal is good .
CEO Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held