fontii - no one truly knows how much CEO will be worth in 3 months or 6 months time - and that's the beauty of it, the value in the unknown!
Hitting coal (coking TBC) seams ~40 metres thick...has me estimating potentially 500+Mt coal at Ovorhangay along. Depending on how the geology comes together, could be double that or half.
Still, having "several hundred" tonnes of coal (coking TBC) means "critical mass" and a size large enough to support a long life, economic mining operation.
Then you have the most important factor of proximity to existing operations and infrastructure! Tick
Should the resource be shaping up to be the size of Aspire's or larger, then a $500m market cap is not out of the question (still 5+ times current diluted market cap)
Depending on how quick the deposit can be advanced to production, a market cap of at least $1-1.5B a year out of production (10 to 15 times current diluted market cap) (see BTU run for reference, and lot smaller resource)
Then you have South Gobi, Indonesia...etc.
CEO Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
