Bandanna is an emerging thermal and metallurgical coal producer, with five projects in Queensland?s Bowen and Galilee Basins at advanced stages of evaluation. BND holds a 100 per cent interest in its Bowen Basin projects, and will retain a 50 per cent interest in South Galilee. It has outlined a total of 841 metric tonnes of resources in the Bowen Basin and 982 metric tonnes in the Galilee Basin. Our un-risked share price target is $2.32 in the next 12 months. On December 10, it was trading at $1.58 a share.
BND Price at posting:
$1.48 Sentiment: None Disclosure: Not Held