I like the look of this specSmall market cap under $7m...

I like the look of this spec

Small market cap under $7m TICK

Almost Half a Billion Tonnes JORC resource with the bulk in the highest confidence level of Measured so ready to go TICK

Mining Licenses granted so can mine TICK

Rail line within 6kms so Infrastructure TICK

Power lines within 6kms too TICK

The only box that remains un ticked is the funding/offtake box but it looks like they are working on a plan to start up with the sale of coal briquettes to the Government and even this small operation could generate around $25M per annum in PROFITS by my rough calculations

The funding/offtake with the Government will be a big catalyst for a rerating but given how far along the company has come Im surprised they haven been rerated a little higher already



My opinions only and I like to punt on the specs