I have posted a few times on this before, never traded, just as a process engineer working for the biggest Coal Prep Plant design firm in australia.
This stock has a huge resource which is _currently_ bordering economical, but I would (and many in my industry) consider it uneconomical. High depth for a lot of the coal body (100+m) and a coal which is soft, fairly high ash and high moisture with a fairly average free carbon.
But, the resource is huge. If it is washable (cannot be known at this stage) to an export thermal grade, then this stock could be re-rated or a takeover target very quickly.
if the coal doesnt make the export grade ($80/tonne) then next stop is power generation on site/ Near site for a price of around $30-$40 per tonne, which is uneconomical.
DYOR just my 2 cents. Current think this stock is approximately on value until washability study is performed, keep an eye out for that announcement, it will be the most crucial.
NMR Price at posting:
4.2¢ Sentiment: ST Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)