What is Aspire (AKM), page-139

Thanks,that is very informative，proactive investor target share price may based on just the valuation of reserve，not cash flow or profit if the project may eventuae，which is a short term valuation，considering coal price difference from 2013，use a 0.6 discount is appropriate，which is 12c-15c .but if the project can go ahead，none of these matters，it is obviously worth a lot more than that.They stated they have 255mt reserve just for Ovoot，that is
（179usd price -36usd cost ）*255*0.6（tax&amortization）=21879m-cost of building a mine-1215 use railway cost（plus interest）-administration cost
the MC is still astronomical，I am I valuing it wrong？
Of course，it all hinge on the binding of the agreement，without it，it could go back what it was before，but with that kind of resource，I can not believe it once traded in the 5m club.