Following up from my earlier post this article is a bit dated...

Following up from my earlier post this article is a bit dated but might shed some light on valuations.

http://www.thebull.com.au/articles/a/14565-takeover-targets---8-junior-coal-stocks.html

Ranges seem to be 25c-$2 per tonne, but mostly in the 50c to $1 range.

Say they missed the mark and only got 100MT and valued at the lowest level of 25c/tonne it is still 4 times the current market cap which seems to point to a fair potential...

Once again, I could be way off the mark so any other views would be greatly appreciated.