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
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