valuation

So the company believes that with 3 to 4 drill holes they might come up with a 300MT resource at EPC 1748.

Does anyone here know how to value such a resource should they be successful? I'm not familiar with coal companies but seem to have ended up with a large holding in one so looking better understand for future decision making.

Simplistically I would figure even at $1 per tonne that would be a decent resource but that's probably way off the mark. I haven't managed to find any similar companies with a similar proven resource either.

Any views would be greatly appreciated.