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2,425 Posts.
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18/12/12
22:33
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valinvestor
if you think 2bln tonnes of coal is only worth between $5 and 10m you either have an agenda or are an extreme pessimist
they have a significant backer (noble) and the fact is the insitu resource is worth more than 1/4c per tonne.
GVK to the north will build rail and that will be up and running and eer (or the ultimate owner of the resource) will tap into that line
anyway each to his own
i would back the multi billion dollar company (noble) anyday!