EER has had a stellar week and will have more to go.Based on...

EER has had a stellar week and will have more to go.

Based on today's coal price, EER's coal resource worth around $150 billion. But its market value is only around $63 million ($72m - $9m cash).

As I previously compared with BND due to similar resource, BND lastest presentation (5/4/11) shows it has 1.483 billion tons coal with market cap of $750 million.

BND has around 12% more coal than EER,
BND's market cap is 11.9 times of EER's.

Althouth they are in different stages of exploration, but EER will update JORC resource by the end of April, and should not be such heavily undervalued.